PropertyEU

Kungsleden reacquires properties for EUR 51m

By A staff reporter 2009-10-13T00:00:00

Listed Swedish property company Kungsleden said on Tuesday it is reacquiring five commercial properties in Sweden for an investment volume of SEK 525 mln (almost EUR 51 mln), before deferred tax. The vendor is Northern Logistic Property (NLP) of Norway and the price reflects an initial yield of 9.1%.

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