Glitnir Bank buys Swedish portfolio out of bankruptcy

By A staff reporter 2012-03-06T00:00:00

Glitnir Bank Luxembourg has acquired a 370,000 m[sup]2[/sup] property portfolio in Sweden from bankrupt Danish company Centerplan Nordic in a deal involving some SEK 2.3 bn (EUR 250 mln) of debt and equity. The portfolio, operated under the name Bovista Invest, comprises mainly residential assets in southern Sweden.

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