October 19, 2015 - Assignment

Kungsleden acquires properties for SEK 3 bn and creates new city cluster in Stockholm

Kungsleden AB (publ) has acquired properties in two Stockholm city districts for SEK 3 billion creating a new city cluster with a total leasable area of 96,000 square metres. The four properties acquired from Djurgårdsstadens Fastigheter AB are located in Gärdet-Frihamnen and Hammarby Sjöstad, both districts within the Stockholm inner city borders. Current major tenants include the Swedish Customs, the Swedish Fortifications Agency, Biz Apartment, Axfood and Procter & Gamble.

Kungsleden is a property company active in Sweden with a focus on long-term ownership, active management, improving and developing commercial properties in growth regions and delivering an attractive total return over time. The company has been listed since 1999 and the company’s share is quoted on Nasdaq Stockholm’s, mid-cap list.

Kungsleden was advised by Mannheimer Swartling in the transaction. The firm’s team included Klas Wennström, Olle Källström, Erik Sundqvist and Hannah Ström.