The price amounts to SEK 16.6 million, corresponding to SEK 4,100/sq.m. GTA and exceeds the property’s book value by just over SEK 3 million.

“We continue to realise the attractive development rights potential in our property portfolio and look forward to having an attractive and modern residential block as a neighbour. Kungsleden is currently preparing more than 280,000 sq.m of residential building rights that we intend to divest as these approach completion,” says Ylva Sarby Westman, Deputy CEO and CFO of Kungsleden.

Ownership of the property will be transferred on 1 October 2021.