Kuwait Finance House, an investment firm from Kuwait, announced that it acquired a warehouse property for logistic services in Sweden for $70 million.
Hallsberg, the city where the property situated, is considered a logistic services hub for the local and international companies for supplying the main Swedish cities and an exporting center to the neighboring Nordic countries. The property with a built up area of 70,000 square meters is leased to Ahsell, a trading and distributing equipments firm, for a long term lease contract.
Kuwait Finance House is listed in the Middle East Investors Directory with the code LIP07.
More details follows