April 2, 2014 - Assignment

Kungsleden divests property to NCC Boende

Listed Swedish property company Kungsleden AB has sold the property Storseglet 3 in Stockholm to NCC Boende AB for SEK 110 million.

The property, acquired in autumn 2013 from GE Real Estate, is located in Gröndal by Lake Mälaren in Stockholm and comprises a 6000 square meters unoccupied office building. A new zoning plan for this property has been decided, and involves residential development rights of approximately 11,000 square meter gross leasable area.

Kungsleden was advised by Mannheimer Swartling in the transaction. The firm’s team consisted of Klas Wennström, primarily assisted by Olle Källström.