Danish real estate company Sjaelso Gruppen is selling two retail projects in the central Danish city of Svendborg to Investea for DKK 100 mln (EUR 12 mln). The first project is the development of a 5,000 m[sup]2[/sup] furniture store that will be leased to IDEmobler, the largest furniture retail chain in Denmark. The second project inolvees the construction of 3,000 m[sup]2[/sup] of external facilities at a newly established centre for DIY retailer Silvan.
Danish real estate company Sjaelso Gruppen is selling two retail projects in the central Danish city of Svendborg to Investea for DKK 100 mln (EUR 12 mln). The first project is the development of a 5,000 m2 furniture store that will be leased to IDEmobler, the largest furniture retail chain in Denmark. The second project inolvees the construction of 3,000 m2 of external facilities at a newly established centre for DIY retailer Silvan.
Investea, one of the largest providers of property investments in Denmark, will take over the projects during the first half of 2008.
