December 1, 2016 / 9:36 AM / in a year

BRIEF-Magnolia Bostad and Alecta form joint company

Dec 1 (Reuters) - Magnolia Bostad AB :

* Magnolia Bostad and Alecta forms joint owned company that acquires Stinsen shopping center

* Acquisition is made through company transfers and purchase price is approximately 700 million Swedish crowns ($75 million)

* Seller is CBREe Global Investors

* Closing is planned for Dec. 2016.

* Transaction is unconditioned and financed with buyers’ own funds

* Magnolia bostad and alecta have entered an agreement for acquisition of property Stinsen 2 in Sollentuna Source text for Eikon:

Further company coverage: ($1 = 9.2279 Swedish crowns) (Gdynia Newsroom)

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