Listed Swedish property company Kungsleden is selling four commercial properties for a purchase price of about SEK 112 mln (EUR 10.7 mln), excluding transaction costs. The total sales price corresponds to book value and is about SEK 4 mln below acquisition cost.
Listed Swedish property company Kungsleden is selling four commercial properties for a purchase price of about SEK 112 mln (EUR 10.7 mln), excluding transaction costs. The total sales price corresponds to book value and is about SEK 4 mln below acquisition cost.
The divested properties comprise a gross leaseable area of 14,713 m2. Two of the properties are in Linköping, and one is in Vimmerby (both south of Stockholm). The fourth is located outside Oslo, Norway.
Completion on the Linköping and Vimmerby properties is scheduled for 1 February 2010. Completion on the Oslo property is scheduled on 17 December 2009. 'We are continuing to work on our portfolio composition, and the divestment of this property outside Oslo means we have no property holdings left in Norway,' commented Kungsleden's CEO Thomas Erséus.
