Nordic Business Report-December 13, 2006-Swedish property company Allokton AB enters German market (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Swedish property company Allokton AB said on Tuesday (12 December) that it has agreed to acquire a 40% stake in German company Hypo Treuhand Holding AG. The purchase sum was not disclosed. The remaining 60% of the shares of Hypo Treuhand are held by IBP Real Estate Germany BV. The transaction represents Alloktons entry into the German property market. Hypo Treuhand is in the process of acquiring a portfolio of 30 properties in Leipzig, Dortmund, Berlin, Wuppertal, Hamburg, Essen and Cologne. The properties comprise a total of 80,177 square metres of office, store and residential space and represent a combined property value of approximately EUR130m. Allokton is headquartered in Stockholm in Sweden. The company has a property portfolio comprising some 420,000 square metres in 19 Swedish cities and valued at approximately SEK4bn. One British pound (GBP) is worth approximately 1.49 euros (EUR). One British pound (GBP) is worth approximately 13.49 Swedish kronor (SEK). ((Comments on this story may be sent to [email protected]))