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Kungsleden to buy 3 office properties for 485M Swedish kronor

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Kungsleden to buy 3 office properties for 485M Swedish kronor

Kungsleden AB is acquiring three Swedish office properties for 485 million kronor, with access scheduled to occur in February 2018.

The company said in a release that the acquisition of Gladan 5, Gladan 6 and Gladan 7 will boast its presence in the existing Stockholm City West cluster at Kungsholmen to a total leaseable area of roughly 46,400 square meters.

As of Dec. 21, US$1 was equivalent to about 8.40 Swedish kronor.