February 15, 2011 - Assignment

Kungsleden completes SEK 3.6 billion property acquisition

Kungsleden AB has reached an agreement to acquire properties from NR Nordic & Russia Properties Ltd. for a purchase price of approximately SEK 3.6 billion. The portfolio of 36 properties consists of office and industrial properties, 33 of which are located in Sweden, one in Germany and two in Poland.

Kungsleden is a listed Swedish property company. The company’s property portfolio consists of commercial properties, public properties and modular buildings. On 30 September 2010, this portfolio consisted of 559 properties spread across 130 Swedish municipalities. Total book value was just under SEK 22 billion, and leasable area was just over 2.6 million sq.m. Kungsleden has been quoted on the NASDAQ OMX Stockholm since 1999.

Kungsleden was advised by Mannheimer Swartling on the transaction. The firm’s team was led by Klas Wennström and Tomas Johansson.