Kungsleden AB (publ) Kungsleden AB (publ) (KLED.ST), a wholly-owned subsidiary of Castellum AB since its acquisition in 2021, operates as a long-term owner, manager, and developer of commercial real estate properties in Sweden's key growth regions including Stockholm, Gothenburg, Malmö, and Västerås; its portfolio primarily comprises offices, which constitute the largest category, alongside industrial/warehouse facilities and public sector properties such as prisons and government-leased spaces, with a focus on value-creating improvements, sustainable developments like symbiotic buildings, and cluster-based strategies to enhance customer offerings and operational synergies. Founded in 1994 and headquartered in Stockholm at Warfvinges Väg 31, the company serves a diverse customer base spanning sole proprietorships to large international groups across various industries, delivering tailored premises through proactive property management, tenant-driven investments, and development projects that boost rental income and property values. In recent years, Kungsleden has undergone significant changes including its full acquisition by Castellum AB in 2021 via a recommended public offer, subsequent de-listing from Nasdaq Stockholm in late 2021, leadership transitions such as the appointment of Ylva Sarby Westman as CEO in December 2021 and board changes in 2022 and 2023, and ongoing financial adjustments like Castellum replacing Kungsleden as issuer under the MTN programme in December 2024, alongside noteholders' meetings in 2024 to facilitate integration and operational continuity within the combined entity's expanded Nordic portfolio.