Kungsleden Sells Property in Orebro.Business Editors STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden--(BUSINESS WIRE)--Oct. 5, 2001 The property company Kungsleden Kungsleden is a hiking trail in northern Sweden, approximately 440 kilometres (0 mi) long, passing through one of Europe's largest remaining wilderness areas The trail Kungsleden was created by AB (publ) has sold a property in Orebro to Henry Stahl Fastigheter AB for SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 56.5 million. The property encompasses approximately 6,700 sq.m., mainly office and retail area. The day of taking possession is set for October 1, 2001. Kungsleden's business concept is to own and manage properties with a high and stable long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. property yield. Kungsleden is an active participant in the change processes on the Swedish property market, by utilizing and enhancing its competencies in structuring heterogeneous Not the same. Contrast with homogeneous. heterogeneous - Composed of unrelated parts, different in kind. Often used in the context of distributed systems that may be running different operating systems or network protocols (a heterogeneous network). property holdings. This implies Kungsleden's property holding frequently changing through acquisitions and disposals. Kungsleden's property portfolio comprises 445 properties with a book value of over SEK 8.0 bn. The holding is located in a total of 138 municipalities, and is concentrated on the Swedish provinces of Gotaland and Svealand. Kungsleden has been quoted on OM Stockholm Exchange's O-list since April 14, 1999. Note to Editors: This press release is also accessible online at www.Waymaker.net. |
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