August 13, 2012 - Assignment

Kungsleden sells industrial properties in Poland

Kungsleden AB is selling two industrial properties in southern Poland for EUR 12.5 million to a Polish property company. The two properties have a gross leasable area of approximately 44,000 square metres and the transaction is conditional on the Municipality of Bielsko-Biala not exercising its pre-emptive right.

Kungsleden is a listed Swedish property company. The company’s property portfolio consists of commercial properties, public properties and modular buildings. As of 31 March 2012, the property portfolio comprised 317 properties with a book value of SEK 15.5 billion. The portfolio was located in a total of 100 municipalities, mainly in southern and central Sweden. Kungsleden is listed on Nasdaq OMX Stockholm since 1999.

Kungsleden was advised by Mannheimer Swartling in the transaction. The firm´s team included partner Klas Wennström primarily assisted by associate Olle Källström.