Stockholm-based real estate company Vasakronan has bought part of the Tre Vapen 2 property in Ostermalm, central Stockholm for SEK 1.1bn (EUR 120mln) from Swedish peer Akademiska Hus. The property, which comprises a total leasable area of 38,000 m2, is occupied by the Swedish Environmental Protection Agency and the National Academy of Mime and Acting on long-term leases. The mime academy’s space is being renovated by the seller and will be transferred to Vasakronan on 1 September 2008.
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