Kungsleden: SEK 111 m of divestments, SEK 74 m of acquisitions

Kungsleden: SEK 111 m of divestments, SEK 74 m of acquisitions 

Press Release
6 March 2009

Listed Swedish property company Kungsleden AB (publ) is selling two commercial
properties in Lund and two commercial properties in Malmö, southern Sweden, for
a total purchase price of SEK 111 m. At the same time, it is acquiring a
warehouse property under construction in Mjölby, southern central Sweden, for
SEK 74 m in a separate transaction.

The sales price is just above book value and exceeds historical cost by some SEK
28 m. This latter amount will be included in Kungsleden's profit for calculating
dividends for 2009. The divested properties have gross leasable area of
approximately 12,500 sq.m. Rental value is about SEK 11.5 m.

The acquired property has leasable area of about 15,000 sq.m. Total rental value
is SEK 7.5 m, equating to average rent of approximately SEK 500 per sq.m. 
Nationwide surplus retailer Överskottsbolaget is letting the property on a
12-year rental contract.

Kungsleden is scheduled to yield possession of the Lund and Malmö properties on
1 April 2009. It plans to take possession of the property in Mjölby on 1 October
2009.

“Getting the year of to a start with two good deals, with sales at prices above
historical cost and book value, feels satisfying,” commented Kungsleden's Chief
Executive Thomas Erséus.

Kungsleden discloses the information in this press release according to the
Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The
information was provided for public release on 6 March 2009 at 13.00 p.m.


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 divestments.
As of 31 December 2008, the property portfolio comprised 603 properties with a
book value of SEK 28.6 bn. The holding was located in a total of 132
municipalities, although concentrated on the Swedish provinces of Götaland and
Svealand, and the Öresund region. Kungsleden has been quoted on the OMX Nordic
Exchange Stockholm since 1999.