Listed Swedish property company Kungsleden is to sell a SEK 5 bn (EUR 541 mln) portfolio of commercial property to Norwegian asset manager Orkla Finans Kapitalforvaltning. Kungsleden said on Thursday that a letter of intent had been signed to give the Norwegian company the exclusive right to conduct due diligence on the Swedish property holdings. A binding agreement is expected next month.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
