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Klövern AB purchases 4 office assets in Denmark

Swedish real estate company Klövern AB picked up four office properties in Copenhagen, Denmark, for an underlying property value of 735 million Danish kroner.

The properties span a total lettable area of about 36,600 square meters and have a tenant roster including the Municipality of Copenhagen, IBM, G4S, Nestlé, Regus and Q8.

The deal is expected to close July 4, and it will be mostly financed through bank loans.

As of June 6, US$1 was equivalent to 6.33 Danish kroner.