Dala Holding


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n the summer of 1987, Larmag acquired 100% of a Dutch investment company, subsequently renamed Dala Holding NV. During 1987 and 1988, the company acquired several prime office buildings with a total surface area of some 60,000 m2 mostly in Amsterdam. After the sale of Pronam, Mr. Magnusson, as Chief Executive of Dala Holding, concentrated most of his activities in Dala Holding. Several new buildings were acquired in Amsterdam and Brussels, which were sold at a substantial profit in early 1989.

525 West Monroe Street,Chicago
United States


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n the spring of 1989, Dala Holding acquired one large office building in New York City and two in Chicago for a total value of US$630 million. This transaction is believed to be one of the largest real estate transactions by a European investor in the U.S.A. The total office space acquired amounted to approximately 300,000 m2. In early 1989 Dala Holding also acquired prime property in the West End of London, at 16-18 Connaught Place.

375 Hudsonstreet, New York
United States