Swedish listed property company Kungsleden has announced the acquisition of 6 properties, worth SEK 140 mln (EUR 15.4 mln), in Taby outside Stockholm. The properties have a lettable floor-space of 9,600 m[sup]2[/sup] and comprise 34% school 29% retail, 17% office premises and 19% industrial/warehouse.
Swedish listed property company Kungsleden has announced the acquisition of 6 properties, worth SEK 140 mln (EUR 15.4 mln), in Taby outside Stockholm. The properties have a lettable floor-space of 9,600 m2 and comprise 34% school 29% retail, 17% office premises and 19% industrial/warehouse.
The largest tenants are Ultra Education AB and Europeiska Motor AB. The property portfolio has a rental value of approximately SEK 10,9 mln. Kungsleden said the transaction reflected an estimated property yield of approximately 7%.
Earlier this month, acquired 25 properties for about SEK 657 mln (EUR 72.5 mln) in three separate transactions. The properties have a total lettable floor-space of about 122,600 m2, and the deals reflect an estimated yield of 6.8%. The majority of the properties are located in southern and central Sweden, and comprise 36% retail, 58% industrial/warehouse and 6% office premises, Kungsleden said.
Kungsleden also divested 172 properties to Keops of Denmark for SEK 6.3 bn (EUR 685 mln) in December in accordance with an earlier agreement. Considered Sweden's most extensive property deal ever, this was SEK 1,170 mln above the book value at the contract date and SEK 1.47 bn about the acquisition value.
