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The Saab saga (saabga? Saaga?) continues today with the announcement that a consortium of Swedish real estate investors with Hemfosa Fastigheter AB at the helm, is set to purchase 50.1% of Saab Property for $39.28 million (SEK 255 million). The property includes 5.199×10^6 square feet of building space.

But that leaves Saab Automobile without a place to build cars. So they’ve arranged a lease-back agreement with Saab Property for a duration of 15 years.

The deal still needs to be approved by the Swedish National Debt Office, the Swedish National Government and the European Investment Office before it can progress.

source-Edmonds Inside Line