Listed French property company Klepierre and Dutch pension fund ABP have closed their previously announced EUR 2.7bn acquisition of Steen & Strom, the largest shopping centre owner in the Scandinavia region. After this transaction, Klepierre now owns 56.1% of Steen & Strom's share capital and ABP 43.9%.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
