Trophi Fastighets, a real estate development company, offered to acquire Tre Kronor Property Investment, a manager of commercial real estate properties in Sweden, for $195m. "With this offer we are giving Tre Kronor shareholders the opportunity to realize their investment and the recommendation from the Tre Kronor Board of Directors is proof that the offer is attractive to all Tre Kronor shareholders. Together with our owner, Tredje AP-fonden, we are building a leading player in commercial real estate in the region," Trophi Fastighets.