Nordic Business Report-September 14, 2006-TKD Nordeuropa A/S sells Entre shopping centre in Malmo, Sweden
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The Danish property developer TK Development A/S said on Thursday (14 September) that its subsidiary group TKD Nordeuropa A/S had sold the Entre shopping centre in Malmo, Sweden, to Commerz Grundbesitz Investmentgesellschaft mbH (CGI).
The construction of the project is now starting and is expected to be completed in the autumn of 2008.
The sale price is expected to total some SEK1.5bn.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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