Foundation Asset Management (Fam), a Swedish foundation asset management firm, has acquired Swedish hotel company the Grand Group in Sweden and the Grand Hôtel property in Stockholm, for SEK 3.9 bn (€386 mln) from Patricia Industries and its subsidiary Vectura.
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.
