Listed Swedish property company Kungsleden is selling two industrial properties in Bielsko-Biala, southern Poland for a total EUR 12.5 mln. The sales price is in line with book value and acquisition cost.
Listed Swedish property company Kungsleden is selling two industrial properties in Bielsko-Biala, southern Poland for a total EUR 12.5 mln. The sales price is in line with book value and acquisition cost.
The properties were included in the purchase of the majority of properties of Nordic & Russia Properties Ltd. in 2011. The gross leasable area comes to 44,000 m2.
The buyer is a Polish property company, and completion will be by 18 September at the latest. The transaction is conditional on the municipality of Bielsko-Biala not exercising its pre-emptive right, which expires on 6 September 2012.
'Kungsleden's focus is to own and manage properties in Sweden, so it's natural that we’re selling these properties in Poland now, as planned. Our focus remains on customer care, portfolio enhancement and searching for good deal opportunities,' commented Kungsleden's CEO Thomas Erséus.
Savills acted as broker in the transaction.
Kungsleden's portfolio comprised 317 properties with a book value of SEK 15.5 bn (EUR 1.9 bn) at end-March 2012.
