Swedish property company Kungsleden is acquiring 43 properties from the municipality of Swedish town of Harnosand for EUR 98 mln. The properties include retirement homes, pre-school buildings and schools. Kungsleden describes itself as a frontrunner in the trading and managing of special requirement properties in Sweden.
Swedish property company Kungsleden is acquiring 43 properties from the municipality of Swedish town of Harnosand for EUR 98 mln. The properties include retirement homes, pre-school buildings and schools. Kungsleden describes itself as a frontrunner in the trading and managing of special requirement properties in Sweden.
The total floor space of the properties is 154,000 m2, with a total rent value of EUR 12 mln. The square-metre purchase price is just over EUR 635. While the transaction still needs the green light from the municipal council, Kungsleden is expected to take possession on 1 December this year.
'We’re thankful that the municipality of Harnosand has entrusted us to take on ownership of basically all the properties where it operates,' commented CEO Thomas Erséus. 'It demonstrates that our public properties initiative in recent years had provided municipalities with an alternative to direct ownership.'
Kungsleden, a listed company since 1999, had a 660-asset portfolio, with a book value of EUR 2.7 bn.
