Kungsleden acquires three properties for SEK 180 m

Kungsleden acquires three properties for SEK 180 m

Press Release
20 February 2008

Listed Swedish property company Kungsleden AB (publ) is acquiring three
commercial properties in Mölndal, near Gothenburg, south-western Sweden, from
Nordic seasonings producer Santa Maria AB for a purchase price of SEK 180 m
including transaction costs. 

These properties have total lettable floor-space of approximately 23,900 sq.m.,
mainly consisting of offices, warehousing and industrial premises. Santa Maria
AB is the tenant in all premises through five to six-year agreements. Total
rental value is just over SEK 13.1 m, and the estimated property yield is about
7.4%.

Kungsleden will take possession immediately.

“With their high and stable returns, these properties fit well into Kungsleden's
existing property portfolio. We assess their risk level as low because the
properties have attractive locations and are flexible for different usage,”
commented Kungsleden's Chief Executive Thomas Erséus.


For more information, please contact:
Thomas Erséus, Chief Executive, tel +46 (0)8 503 05204, mobile +46 (0)70 378
2024
Johan Risberg, Deputy Chief Executive, tel +46 (0)8 503 05206, mobile +46 (0)70
690 6565


Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se
Kungsleden's strategy is to ensure sustainable high and stable returns
proceeding from its existing holding, and through acquisitions and disposals. As
of 31 December, the property portfolio comprised 575 properties with a book
value of SEK 25.7 bn. The holding is located in a total of 125 municipalities,
although concentrated on the Swedish provinces of Götaland and Svealand.
Kungsleden has been quoted on the Nordiska Börsen since 1999.