June 13, 2017 / 5:17 AM / 2 months ago

BRIEF-Kungsleden sells 18 properties for SEK 882 mln

June 13 (Reuters) - KUNGSLEDEN AB:

* KUNGSLEDEN HAS REACHED ITS 2016-2017 GOAL TO SELL NON-STRATEGIC PROPERTIES FOR SEK 2 BILLION

* IS SELLING 18 INDUSTRIAL AND WAREHOUSE PROPERTIES IN 13 MUNICIPALITIES AT A TOTAL SALES PRICE OF SEK 882 MILLION

* ‍IS COMPLETING TRANSFORMATION OF ITS PROPERTY PORTFOLIO​

* ‍WILL BE EXITING 9 MUNICIPALITIES AND WILL FROM NOW ON BE FOCUSING ITS GEOGRAPHICAL SPREAD TO 23 MARKETS​

* ‍"WITH CURRENT TRANSACTION, RESTRUCTURING OF KUNGSLEDEN'S PROPERTY HOLDINGS IS COMPLETED" - THE CHIEF EXECUTIVE OFFICER, BILJANA PEHRSSON​

* ‍OUR FOCUS FROM NOW ON WILL BE TO EXTRACT VALUE AND INVEST IN OUR CORE PORTFOLIO OF INVESTMENT AND DEVELOPMENT PROPERTIES - CEO Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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