Standard Life Investments (SLI) announced on Friday that it has completed the purchase of three prime retail warehouses at Kungens Kurva, Sweden on behalf of its European Property Growth Fund (EPGF). Kungens Kurva is an out-of-town retail warehouse park located just 15 minutes drive from central Stockholm. The park has 50 large retail warehouses - including the world's largest Ikea, with total retails sales space of 250,000 m[sup]2[/sup]. All three properties were purchased from the Proark Group, a Scandinavian property company. The financial details of the transaction were not been disclosed.
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