Kungsleden, the Swedish property company, has announced it is acquiring 13 retail and warehousing properties in Sweden from retailer Runsven Group for SEK 565 mln (EUR 65 mln).
Kungsleden, the Swedish property company, has announced it is acquiring 13 retail and warehousing properties in Sweden from retailer Runsven Group for SEK 565 mln (EUR 65 mln).
The properties comprise approximately 95,000 m2 of lettable floor space, with a rental value of over SEK 40 mln. The average contract term is 12 years. Based on the acquisition price, the property yield is 6.4%, Kungsleden said. It took possession of the properties on December 19.
The Runsven group, based in Skanninge, Sweden, owns businesses including nationwide surplus retailer Överskottsbolaget, which is the largest tenant in the acquired holding.
