Steen & Strøm acquires Odense mall for EUR 31m

Scandinavian shopping centre group Steen & Strøm has signed an agreement to acquire a 40,000-m[sup]2[/sup] shopping centre and 18,000-m[sup]2[/sup] commercial property in Odense, Denmark for DKK 230 mln (almost EUR 31 mln). The vendor is a subsidiary of listed Danish property company Fornebu Utvikling (FBU). A separate offer for the properties put forward earlier this week by TK Development was not accepted.

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