Swedish real estate developer JM has sold two senior housing projects in Stockholm to KPA, part of the Folksam Group, and Sockholm-based property company Diligentia. The total purchase price is SEK 209 mln (EUR 20 mln), the majority of which was received in November. The company said that it has booked capital gains of SEK 28 mln for the fourth quarter of 2009.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
