Danish real estate company Sjaelso Gruppen plans to convert a 37,000 m[sup]2[/sup] development property it has acquired in the Swedish capital Stockholm for retail purposes. The company has entered into an agreement through its Swedish subsidiary IBI Sverige to acquire the property at Alvsjo, near one of the largest trade fair and conference centres in Scandinavia, for DKK 300 mln (EUR 40 mln) The vendor is AFA Sjuk-forsakring.
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