PropertyEU

Kungsleden acquires care properties in Sweden

By A staff reporter 2010-12-10T00:00:00

Listed Swedish property company Kungsleden, acting through its 50-50 joint venture with the Swedish Third Pension Insurance Fund (AP3), is acquiring 29 care properties. The total purchase prices, including transaction costs, comes to SEK 368 mln (EUR 40 mln). The property yield is 7.8%.

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