As result of the transaction, Kungsleden´s property portfolio will be concentrated to 19 municipalities, in addition to the four priority markets of Stockholm, Gothenburg, Malmö and Västerås.
“We have continued to optimize our property portfolio through intensive and dedicated efforts. With the current transaction, the restructuring of Kungsleden´s property holdings is completed. Our focus from now on will be to extract value and invest in our core portfolio of investment and development properties,” says Kungsleden CEO Biljana Pehrsson.
European Fund Makes Acquisition In Sweden
Sweden — 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.