Citycon is acquiring the Tumba Centrum shopping centre in the municipality of Botkyrka, south of Stockholm from Doughty Hanson & Co for SEK 550 mln (around EUR 60.8 mln). The deal is expected to close by the end of January 2007. On the acquisition date, the shopping centre's initial net yield on the purchase price stands at 5.4%.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
