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Kungsleden AB (KLED.ST)

KLED.ST on Stockholm Stock Exchange

52.40SEK
24 May 2017
Change (% chg)

0.45kr (+0.87%)
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51.95kr
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51.65kr
Volume
230,861
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Latest Key Developments (Source: Significant Developments)

Kungsleden divests properties in Uppsala and Botkyrka
Wednesday, 24 May 2017 01:00am EDT 

May 24 (Reuters) - KUNGSLEDEN AB :KUNGSLEDEN DIVESTS PROPERTIES WITH RESIDENTIAL DEVELOPMENT POTENTIAL IN UPPSALA AND BOTKYRKA.SIGNED AGREEMENTS FOR SALE OF FLOGSTA 22:3 PROPERTY IN UPPSALA AND GREENFIELD PROPERTIES TUMBA 7:231 AND 7:237 IN BOTKYRKA IN TWO SEPARATE TRANSACTIONS.BUYER WILL PAY AN INITIAL PRICE OF SEK 42.5 MILLION AT CLOSING PLUS A GUARANTEED FUTURE EARNOUT OF SEK 10 MILLION NO LATER THAN SIX YEARS AFTER CLOSING.AN ADDITIONAL FUTURE EARNOUT IS DEPENDENT ON FINAL ZONING PLAN..CLOSING WILL OCCUR IN JULY..BOTH TRANSACTIONS GIVE AN INITIAL PROFIT EFFECT OF SEK 13 MILLION..  Full Article

Kungsleden continues to develop offices in Gothenburg
Tuesday, 9 May 2017 01:00am EDT 

May 9 (Reuters) - KUNGSLEDEN AB :KUNGSLEDEN CONTINUES TO DEVELOP OFFICES IN GOTHENBURG.SIGNED SEVERAL NEW AND RENEGOTIATED EXISTING LEASES TOTALING 1681 SQUARE METERS IN GOTHENBURG..  Full Article

Kungsleden extends credit commitment at lower commitment fee
Friday, 5 May 2017 01:00am EDT 

May 5 (Reuters) - KUNGSLEDEN AB ::KUNGSLEDEN HAS EXTENDED A CREDIT COMMITMENT AT A LOWER COMMITMENT FEE.CREDIT COMMITMENT WILL REPLACE PREVIOUSLY CONCLUDED COMMITMENT WHICH WILL EXPIRE DURING MID JUNE 2017..AVERAGE CAPITAL TERM, INCLUDED UNUTILISED CREDITS, WILL INCREASE FROM 3.8 YEARS AT 31 MARCH 2017 TO 4.2 YEARS.  Full Article

Kungsleden signs lease agreement with H&M in Växjö
Wednesday, 3 May 2017 01:00am EDT 

May 3 (Reuters) - KUNGSLEDEN AB :SIGNED A 3,000 SQUARE METER LEASE AGREEMENT WITH H&M FOR TEGNÉR 15 PROPERTY IN VÄXJÖ..H&M IS EXPECTED TO OPEN TO CUSTOMERS AT END OF NOVEMBER 2017..PROJECT AS A WHOLE IS EXPECTED TO BE COMPLETE IN SPRING 2018.  Full Article

Kungsleden Q1 rental income down at SEK 591 mln
Tuesday, 25 Apr 2017 01:00am EDT 

April 25 (Reuters) - KUNGSLEDEN AB :RIGHTS ISSUE COMPLETED - GOOD LEASING RESULTS.RIGHTS ISSUE COMPLETED - GOOD LEASING RESULTS.Q1 RENTAL REVENUE SEK 591 MILLION VERSUS SEK 614 MILLION YEAR AGO.Q1 PROFIT FROM PROPERTY MANAGEMENT SEK 216 MILLION VERSUS SEK 236 MILLION YEAR AGO.COMPLETED A RIGHTS ISSUE IN Q1 OF 2017.EXPECTS PROFIT FROM PROPERTY MANAGEMENT FOR 2017 TO BE ROUGHLY IN LINE WITH 2016.  Full Article

Kungsleden signs new lease with anchor tenants Systembolaget and Hemköp
Monday, 24 Apr 2017 01:00am EDT 

April 24 (Reuters) - KUNGSLEDEN AB ::KUNGSLEDEN MODERNIZES THE GALLERIAN MALL IN ESKILSTUNA FOLLOWING NEW LEASE AGREEMENTS WITH HEMKÖP AND SYSTEMBOLAGET.HAS SIGNED A NEW LEASE WITH ANCHOR TENANTS SYSTEMBOLAGET AND HEMKÖP AT GALLERIAN MALL IN ESKILSTUNA.RENEWED AGREEMENT WITH SYSTEMBOLAGET INCLUDES OVER 800 SQUARE METERS, WHICH THEY WILL HAVE ACCESS TO AT END OF 2017.HEMKÖP AGREEMENT COVERS 2,600 SQUARE METERS, WHICH WILL BE READY AT BEGINNING OF 2018..  Full Article

Kungsleden leases 900 square meters in Gothenburg to Magelungen college
Friday, 7 Apr 2017 01:00am EDT 

KUNGSLEDEN AB : SAYS HAS SIGNED A THREE-YEAR LEASE WITH MAGELUNGEN UTVECKLING AB FOR 900 SQUARE METERS OF SPACE IN THE KROKSLÄTT 34:16 PROPERTY ON EBBE LIEBERATHS STREET IN GOTHENBURG . MAGELUNGEN UTVECKLING GAINS ACCESS TO THE PROPERTY ON JUNE 1, 2017 .THE RENTAL VALUE AMOUNTS TO SLIGHTLY MORE THAN SEK 1.4 MILLION PER YEAR.  Full Article

Kungsleden says rights issue fully subscribed
Wednesday, 29 Mar 2017 01:30am EDT 

KUNGSLEDEN AB : FINAL RESULT OF KUNGSLEDEN'S RIGHTS ISSUE . RIGHTS ISSUE HAS BEEN FULLY SUBSCRIBED, THEREBY RAISING GROSS PROCEEDS OF APPROXIMATELY SEK 1,638 MILLION BEFORE ISSUE COSTS . SUBSCRIPTION PERIOD ENDED ON MARCH 24, 2017 .IN TOTAL, 35,696,520 ORDINARY SHARES CORRESPONDING TO APPROXIMATELY 98.1 PERCENT OF RIGHTS ISSUE WERE SUBSCRIBED FOR WITH EXERCISE OF SUBSCRIPTION RIGHTS.  Full Article

Kungsleden leases 3,450 square metres in Gothenburg to Mölndals Däckservice
Monday, 20 Mar 2017 02:00am EDT 

Kungsleden AB : Says leases 3,450 square metres in Gothenburg to Mölndals Däckservice .Says Mölndals Däckservice will get access to its new premises on October 1, 2017.  Full Article

Kungsleden to carry out rights issue of SEK 1.60 bln
Thursday, 2 Mar 2017 03:38am EST 

Kungsleden AB : Announced on Wednesday rights issue of about 1.60 billion Swedish crowns ($177 million) with pre-emptive rights for Kungsleden's shareholders . Shareholders may subscribe for one new ordinary share for every five existing ordinary shares held . Subscription price is 45 crowns per ordinary share . Expected gross proceeds are of abut 1.64 billion crowns . Main purpose of rights issue is to strengthen company's balance sheet and enable further profitable growth with financial discipline .Rights issue enables company to reduce financial risk by increasing equity ratio and decreasing loan-to-value ratio.  Full Article

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BRIEF-Kungsleden divests properties in Uppsala and Botkyrka

* KUNGSLEDEN DIVESTS PROPERTIES WITH RESIDENTIAL DEVELOPMENT POTENTIAL IN UPPSALA AND BOTKYRKA