Swedish listed property company Kungsleden is selling six commercial properties for SEK 809 mln (EUR 86.6 mln) to ABB Fastighet. The sales price exceeds book value by SEK 23 mln. The properties are located in Ludvika, north west of Stockholm, and are largely let to ABB. The gross leasable area comes to 190,000 m[sup]2[/sup] and total rental value is about SEK 87 mln.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
