Balder has bought 22.9 percent from Varma Mutual Pension Insurance Company for € 235 M.

Over the past 10 years Balder has grown and become one of the largest listed property companies in Scandinavia with a property value of approximately SEK 40bn. The company has broadened its operations in Scandinavia by making its first property acquisition in Denmark in 2010 and in Finland 2014.

Sato owns properties at a value of €2.9 billion.