The acquisitions fit well with the current portfolio and builds on the successful restructuring, which Kungsleden has undergone since 2013.

Kungsleden acquires the properties Hästvagnen 3 and Gefion 3 in Malmö as well as Översikten 6 and Översikten 9 in Jönköping. The properties are located in the established and strategically located retail areas Svågertorp, Jägersro and Solåsen.

The vendor is Alecta pensionsförsäkring, who had Bernstrom & Partners as advisors.

Following an active restructuring of the portfolio during the past two years, Kungsleden is today a new company with a focused and modernized property portfolio that has future potential.

Since the fall 2013, Kungsleden has divested non-strategic properties and acquired commercial properties in line with the strategy to a value of more than SEK 14 billion. (€1.5 billion) The total property value now amounts to SEK 23 bn (€2.5 billion), of which the urban portfolio in Stockholm, Gothenburg and Malmö account for 53 percent.

“Following two intense years, Kungsleden is well prepared to take the next step on our long-term journey in realizing our strategy to actively manage, develop and expand our property portfolio. We are a long-term owner with satisfied customers and we have laid a solid foundation, which we now can continue to build on”, says Biljana Pehrsson, CEO Kungsleden.

Kungsleden continues to expand its property portfolio and the objective is to grow to SEK 25 billion (€2.7 billion) in order to reach a profit before tax of SEK 1-1.2 bn (€100 - 150 M) in year 2017. Over time the portfolio is about to grow to SEK 30 billion (€3.2 billion).