Europe

CLS exits Sweden

CLS Holdings has completed the disposal of its only remaining investment property in Sweden, the 418,800 sq ft Vänerparken in Vänersborg.

The mixed-use office, educational, residential, leisure and medical complex has been sold to Bengt Linden AB for SEK590m (£50.5m).

In a separate transaction, CLS has redeemed at par its SEK300m bond. The bond, issued in April 2011, was repaid on maturity on 27 April 2016 from the company’s cash resources.

Other News

Accor checks in to the millennial mindset

The furniture is inflatable and the tables are on wheels. Even the kitchen units can be swiftly moved aside if a party breaks out. There… Read more »

E Europe

China’s Belt and Road initiative

An initiative is emerging from the depths of Asia that will transform economic growth, construction, investment and trade. Not just in China – which is… Read more »

E Europe

Lessons in Shariah compliance

It is not just about the prohibition of interest The prohibition on the charging of interest (or riba) is probably the most well-known aspect of… Read more »

E Europe