Carlyle Scoops Up Swedish Community For $433M

Law360, New York (January 31, 2012, 7:30 PM EST) -- Private equity giant The Carlyle Group on Tuesday purchased the Nacka Strand, a self-contained green retail and residential community outside Stockholm, for a reported $433 million.

The sale was announced by Swedish government-owned real estate company Vasakronan, which did not disclose the sale price. Swedish financial newspaper Dagens Industri put the price tag for the sustainably built Nacka Strand at 2.95 billion Swedish kronor ($433 million).

Vasakronan touts the seaside Nacka Strand as an escape for city-dwellers looking for fresh air and recreation. The community includes...
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