The board of Fabege, one of Sweden's largest listed property companies, plans to propose at the Annual General Meeting next year that all the shares it holds in peer Klovern be paid out as non-cash dividend. Under the proposal, Fabege's shareholders will get one Klovern share for every two Fabege shares held.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
