Listed Swedish property company Kungsleden has divested five commercial properties for SEK 215 mln (EUR 24 mln). The buyer is Fastighets AB Botvid, which is 50:50 owned by Sweden's Gelba Fastigheter and the Swedish development arm of Austrian construction group Strabag.
Listed Swedish property company Kungsleden has divested five commercial properties for SEK 215 mln (EUR 24 mln). The buyer is Fastighets AB Botvid, which is 50:50 owned by Sweden's Gelba Fastigheter and the Swedish development arm of Austrian construction group Strabag.
Kungsleden said the investment volume is in line with the book value and exceeds the acquisition cost by SEK 45 mln.
The properties are located in Norra Botkyrka near the Slagsta Strand retail mall south of Stockholm and have a gross leasable area of about 50,000 m2.
'We’ve worked hard and intensively on developing these properties and on the associated land. We’re now opting to sell this property to Gelba and Strabag Projektutveckling, which we think, has good prospects of continuing the development process,' said Kungsleden's chief executive Thomas Erséus.
