Kungsleden divests 172 properties in EUR 685 mln deal

Swedish property company Kungsleden has divested 172 properties to Keops of Denmark for SEK 6.3 bn (EUR 685 mln) in accordance with an earlier agreement. Considered Sweden's most extensive property deal ever, this was SEK 1,170 mln above the book value at the contract date and SEK 1,470 mln about the acquisition value, Kungsleden said. The final net trade will be disclosed later in Kungsleden’s 4th quarter results, but it is expected to come to about SEK 550 mln.

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