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2014-04-16

Kungsleden AB: Kungsleden selling residential properties in Växjö for SEK 185 m

Listed Swedish property company Kungsleden AB (publ) is continuing to
focus its property portfolio in accordance with the company's new
strategy, and is selling three residential properties for a purchase
price of SEK 185 m. These properties, Oxdragaren 1, Vinaman 6 and
Djäknen 4, are all located in the centre of the southern Swedish city
of Växjö and the buyer is Swedish property company M2 Gruppen. The
sale generates a profit of SEK 32 m.

The properties were acquired from GE Real Estate in autumn 2013 and
have very central locations in Växjö close to services, retailing and
communications. They are well-maintained properties of high quality
that generate stable cash flows.

"These sales are fully consistent with our new strategy, which
includes focusing and concentrating our property portfolio. These
transactions free up capital that we can re-invest in new commercial
properties in economic growth regions," commented Kungsleden's CEO
Biljana Pehrsson.

[image]Image: Oxdragaren 3

[image]Image: Djäknen 4

[image]Image: Vinaman 6

For more information, please contact:

Biljana Pehrsson, Chief Executive of Kungsleden | +46 (0)8 503 052 04
| biljana.pehrsson@kungsleden.se

Anders Kvist, Deputy CEO and CFO of Kungsleden | +46 (0)8 503 052 11 |
anders.kvist@kungsleden.se

www.kungsleden.se

Detta pressmeddelande finns tillgängligt på svenska på
www.kungsleden.se/pressmeddelanden

Kungsleden AB (publ) discloses the information in this press release
according to the Swedish Securities Markets Act and/or the Swedish
Financial Trading Act. The information was provided for public
release on 16 April 2014 at 8:00 a.m.

Kungsleden's business concept is to own, manage and improve commercial
properties in growth regions in Sweden and to deliver attractive
total returns. Kungsleden's strategies to create value are based on
meeting the premises requirements of customers by managing, improving
and developing properties and planning consents and by optimising the
company's property portfolio. Kungsleden has been quoted on NASDAQ
OMX Stockholm since 1999.

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http://news.cision.com/kungsleden-ab/r/kungsleden-selling-residential-pr...
http://mb.cision.com/Main/293/9570108/234031.pdf

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