PropertyEU

ING REIM acquires Swedish mall for EUR 45m

By A staff reporter 2011-06-01T00:00:00

ING Real Estate Investment Management (ING REIM) has announced the acquisition of Baronen, a prime shopping centre property in central Kalmar in Sweden from the estate of Gustaf De Geer. The investment volume of almost EUR 45 mln reflects an initial yield of slightly below 7%.

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