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LjungbergGruppen AB signs property development deal with Kinnarps AB.

NORDIC BUSINESS REPORT-6 July 2005-LjungbergGruppen AB signs property development deal with Kinnarps AB(C)1994-2005 M2 COMMUNICATIONS LTD

The Swedish property company LjungbergGruppen AB said on Wednesday (6 July) that it had signed an agreement to develop and sell a 5,000 square metre real estate property in Stockholm's Sickla, in Sweden.

The property will be developed as an office and display building for the furniture group Kinnarps AB.

The agreement is expected to have a positive effect of SEK15m on LjungbergGruppen's post-tax result.

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

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Publication:Nordic Business Report
Article Type:Brief Article
Geographic Code:4EUSW
Date:Jul 6, 2005
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