Kungsleden sells German retirement homes for EUR 144m

By A staff reporter 2011-01-02T00:00:00

Listed Swedish property company Kungsleden is divesting 17 properties in Germany for a total of SEK 1.3 bn (EUR 144 mln). The transaction reflects a property yield of just over 7%. The buyer is Hemsö Fastighets, in which Kungsleden is a joint venture partner.

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