Sweden's Kefren Properties said on Wednesday that it has initiated negotiations with a potential investor for a capital injection that will allow it to improve its financial position. The operation comes after the company revealed a breach of its loan-to-value covenant in December, prompted by a sharp drop in the year-end valuation of its assets.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
