Swedish property company Fabege has sold the Axet 1 and Bladet 1 properties in Solna to peer Vasakronan for SEK 570mln (EUR 61mln). The properties comprise a total lettable area of 31,650 m2, used primarily as office space. The buyer will take possession of the properties on 2 September 2008. The sale will result in a profit after tax of SEK 58mln, the group said.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
