Listed Swedish property company Kungsleden said it had entered an agreement with construction and civil engineering corporation Peab to acquire two public properties with a total lettable floor-space of 7,282m[sup]2[/sup] for SEK 13 mln (EUR 1.34 mln). The properties, which are currently under construction, are located near Stockholm. Kungsleden is scheduled to take possession in July 2009.
Listed Swedish property company Kungsleden said it had entered an agreement with construction and civil engineering corporation Peab to acquire two public properties with a total lettable floor-space of 7,282m2 for SEK 13 mln (EUR 1.34 mln). The properties, which are currently under construction, are located near Stockholm. Kungsleden is scheduled to take possession in July 2009.
The properties consist of retirement homes and pre-school premises, and their tenants are the Municipalities of Uppsala and Sigtuna on 20-year contracts. The total rental value is SEK 10.7 mln.
Commenting on the deal, Thomas Erséus, Kungsleden’s Chief Executive, said: ‘It really feels positive to have another two public properties and we’re delighted to be entrusted more, which advances our positioning. Their long rental agreements with municipalities will provide us with high and stable returns for many years ahead.’
