PropertyEU

Kungsleden acquires hospital property for EUR 21m

By A staff reporter 2011-06-08T00:00:00

Listed Swedish property company Kungsleden is purchasing the Swedenborg Center commercial property for SEK 194 mln (EUR 21.4 mln), including transaction costs. The asset generates SEK 29 mln in annual rent, reflecting a net initial yield of 7.6%.

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