Kungsleden divests property for SEK 30m

Listed Swedish property company Kungsleden AB is selling a commercial property in Karlstad, west of Stockholm, for SEK 30 mln (about EUR 2.8 mln). The sales price is consistent with acquisition cost. The divested property has gross leasable area of 2,515 m[sup]2[/sup] and the rental value amounts to SEK 2.8 mln. Transfer of possession is planned for 1 July 2009. 'It feels really positive that we’re still selling properties at book value,' commented Kungsleden's CEOThomas Erséus.

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