Kungsleden AB acquires senior housing in Germany.
NORDIC BUSINESS REPORT-13 June 2006-Kungsleden AB acquires senior housing in Germany(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
The Swedish property company Kungsleden AB said on Tuesday (13 June) that it has agreed to acquire nine senior housing properties in Germany in a EUR74.3m deal.
The properties, comprising a total of 37,000 square metres, have been leased and operated by senior care company HEWAG Seniorstift GmbH since 1999. HEWAG Seniorstift will remain as the tenant on a 15-year lease.
One euro (EUR) is worth approximately 0.69 British pounds (GBP).
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|Title Annotation:||HEWAG Seniorstift GmbH|
|Publication:||Nordic Business Report|
|Article Type:||Brief article|
|Date:||Jun 13, 2006|
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