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.

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