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Klovern AB acquires industrial and warehouse properties in Vasteras.

NORDIC BUSINESS REPORT-7 July 2005-Klovern AB acquires industrial and warehouse properties in Vasteras(C)1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com

The Swedish property company Klovern AB said on Wednesday (6 July) that it had agreed to acquire two industrial and warehouse properties in Vasteras, Sweden for SEK51m.

The seller is LjungbergGruppen.

"The acquisitions in Vasteras complement our existing portfolio. We have great hopes of being able to attract tenants to the vacant areas at the new properties in the near future. There is a great demand for this type of flexible premises in good locations," commented Gustaf Hermelin, CEO of Klovern.

One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).

((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))

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Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:4EUSW
Date:Jul 7, 2005
Words:127
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