Kungsleden, Sweden's listed property company, has announced it has signed a letter of intent in relation to the divestment of Swedish commercial properties worth about SEK 2 bn (EUR 220 mln). Thomas Erseus, the company's ceo, told PropertyEU that the negotiations involved about 100 office properties in the centre and north of Sweden but the exact composition of the portfolio had yet to be decided.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
