December 20, 2016 / 1:11 PM / 8 months ago

BRIEF-Kungsleden divests properties in Gothenburg

Dec 20 (Reuters) - Kungsleden AB :

* Signed an agreement to divest properties Forsåker 1:75, 1:164, 1:225 and 1:257 in Forsåker,

* Buyer is Ikano Bostad which will pay an initial purchase price of 200 million Swedish crowns ($21.3 million)

* Ikano bostad will subsequently pay an additional purchase price of 23 million crowns in conjunction with consultations and another additional purchase price for residential development rights

* Ikano bostad will get access to properties during q1 of 2017

* Transaction will then give rise to an initial profit effect for Kungsleden of 13 million crowns

* Second additional purchase price will amount to 70 million before crowns transaction costs

* Zoning plan is expected to obtain legal force in first half of 2020 Source text for Eikon:

Further company coverage: ($1 = 9.3926 Swedish crowns) (Gdynia Newsroom)

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