Kungsleden divested assets for SEK 1.02 bn (about EUR 109 mln) and acquired properties for a total of SEK 560 mln (EUR 61 mln) in November. The Swedish-listed real estate company announced on Monday that it is acquiring a site-leasehold right at a 5,000-m[sup]2[/sup] office and educational premise in Hogdalen, south of Stockholm fro SEK 40 mln, or a yield of 9%.

Kungsleden divested assets for SEK 1.02 bn (about EUR 109 mln) and acquired properties for a total of SEK 560 mln (EUR 61 mln) in November. The Swedish-listed real estate company announced on Monday that it is acquiring a site-leasehold right at a 5,000-m2 office and educational premise in Hogdalen, south of Stockholm fro SEK 40 mln, or a yield of 9%.

At the same time Kungsleden is divesting two office and warehouse premises in Gustavsberg'for SEK 35 mln. The sales price represents a 6.5% yield. The buyer is Swedish company Grindstugarde.

Last Friday Kungsleden said it is acquiring six retail properties for a total of SEK 520 mln. The property yield is about 8% and total rental value is just over SEK 69 m. The gross leasable area is around 48,500 m2, divided between five shopping centres in Eskilstuna, Katrineholm, Uddevalla, Stockholm and Köping, and one outdoor retail property with an adjacent undeveloped plot in Nyköping.

Earlier last week Kungsleden announced it is selling six commercial properties for a total of SEK 809 mln to ABB Fastighet. The sales price exceeds book value by SEK 23 mln and is consistent with acquisition cost. The properties are located in Ludvika, north west of Stockholm, and are essentially let to ABB. The gross leasable area is 190,000 m2 and total rental value is about SEK 87 mln.

On 10 November Kungsleden said that it is divesting an office property in Kristianstad, southern Sweden, for SEK 158 mln. The sales price is consistent with book value and acquisition cost. The gross leasable area is approximately 14,000 m2.

The buyer, Gammab, is a subsidiary of family owned property firm Byggnads Bröderna Persson. Completion is planned for 1 December 2010.