Listed Swedish property company Kungsleden has reached an agreement to sell 22 commercial properties for a total net price of SEK 460 mln (EUR 44 mln) after deducting taxes and transaction costs. The property yield amounts to approximately 7% and the estimated profit after tax is SEK 55 mln.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
