The properties have a leasable area of more than 80 000 sq.m, of which approximately 20 000 sq.m have been vacant for an extended period of time.
”We had the opportunity to sell our Eskilstuna properties to a long-term property owner with a focus on regional cities. The released capital will be used for value-creating investments in one of our priority markets: Stockholm, Gothenburg, Malmö or Västerås. The transaction also means that we strengthen our focus on offices and reduce the proportion of commercial properties in the portfolio to represent 5% of total real estate value”, says Ylva Sarby Westman, Deputy CEO and CIO at Kungsleden.
Closure will take place in January 2019 and the annual operating net loss amounts to approximately MSEK 40.
As a result of the sale, Kungsleden will leave Eskilstuna and close the local office.
Nordanö was the financial adviser to Kungsleden.