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Klövern selling logistics property for 643M Swedish kronor

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Klövern selling logistics property for 643M Swedish kronor

Klövern AB agreed to sell a logistics property in Mölndal, Sweden, for 643 million Swedish kronor.

The Hästägaren 3 property has a net lettable area of roughly 48,000 square meters and primarily comprises KappAhl's central warehouse and head office.

The property has a rental value of roughly 39 million Swedish kronor and an occupancy rate of 100%.

The transfer of ownership is expected to occur Jan. 11, 2018.

As of Dec. 20, US$1 was equivalent to 8.37 Swedish kronor.