In a sale and purchase agreement with the European property fund Kildare Partners, Kungsleden is selling 18 industrial and warehouse properties in 13 municipalities at a total sales price of MSEK 882 (EUR 81M) before deduction for deferred tax.
Kungsleden divests its remaining share of Nordic Modular Group, corresponding to 34.5 percent of the shares in the company, to Inter IKEA Investments. The price relates to a valuation of the company at SEK 1.45 billion (€ 160 M). The transaction allows Kungsleden to free net liquidity of SEK 330 million (€ 35,73 M).
Kungsleden acquires four properties on Gärdet-Frihamnen and one in Hammarby Sjöstad, both Stockholm city districts, for SEK 3 billion. The leasable area totals 96,000 sqm. Djurgårdsstadens Fastigheter AB is the vendor.
Kungsleden acquires four properties in the growth regions Jönköping and Malmö with a total leasable area of 24,000 sqm to the price of MSEK 385 (€41M).