Listed Swedish property company Kungsleden is completing its divestment of 50% of the shares of Hemsö to the Third AP (Pension Insurance) Fund. Hemsö owns and manages Kungsleden's Public Properties in Sweden, mainly retirement home, care and school properties. The transaction amount comes to SEK 14.6 bn (EUR 1.3 bn), corresponding to book value and reflecting a yield of 6.3%.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
