Stockholm-listed property company Kungsleden has sold 16 assets in non-urban areas in Sweden to local investor Söderport Fastigheter for SEK 427 mln (€45 mln).
The properties have a total leasable area of over 102,000 m2 and will be vacated during the first quarter of 2017.
Kungsleden said that it was continuing its plan to prioritise growth markets, concentrating its geographical presence to 28 from 34 municipalities outside the metropolitan areas.
With the sale, it has now left the municipalities of Kumla, Filipstad, Kungsör, Sandviken, Arboga, Piteå and Sigtuna.
The listed investor aims to divest properties for a total of SEK 2 bn (approx. €200 mln) over 2016/2017 as part of its plan to concentrate its holdings. This deal brings its strategic sales so far to SEK 1 bn (€100 mln).
