Norway — Scandinavian Property Group strengthens its position as a major developer in Drammen with a new development property at Hotvet in Drammen. The plot is part of the development along the riverbank in Drammen and will complement and beautify the area. About 115-120 homes are planned, a combination of apartments and terraced houses.

Sweden — Patrizia has acquired a residential development near Stockholm, Sweden, for EUR 62 million from Scandinavian Property Group (SPG), on behalf of a pan-European residential strategy.