GE Real Estate Nordic invests SEK 200 m in housing and retail premises in Borås
STOCKHOLM, APRIL 3, 2006: GE Real Estate Nordic has acquired a portfolio of residential, retail and office properties in Borås, Sweden from the Kanico Group for circa SEK 200 m. The transaction represents GE Real Estate Nordic’s first major acquisition of residential property for a number of years. The portfolio comprises 28 properties amounting to slightly more than 23,000 sq m. Approximately 12,000 square meters (52 per cent) of this comprises 190 apartment buildings and the remaining 11,000 sq m (48 per cent) is retail and office premises. The residential properties are located centrally