Nordic Business Report-June 30, 2006-Brinova Fastigheter AB project in Lund, acquires four commercial properties
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The Swedish property company Brinova Fastigheter AB said on Friday (30 June) that it has sold its 50% share in the housing development project Brunnshog Bostads AB in Lund, Sweden to its partner Peab.
The sales price was not disclosed, but Brinova Fastigheter said that the transaction would result in an after-tax gain of SEK15m.
Brinova Fastigheter on Friday also said that it has acquired four commercial properties for a total of SEK44m. The acquired properties are located in Helsingborg, Jonkoping, Landskrona and Stockholm.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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