Folksam, an insurance company, agreed to acquire an office building in Stockholm from Zurich Insurance, a Swiss insurance company, for $54m. "We are continuing our strategic and profitable expansion of the property portfolio through another acquisition in the middle of our core market Stockholm. Our focus on high-quality office properties in attractive locations remains firm. The Folksam group aims to further increase its property portfolio in the future," Lars Johnsson, Folksam Property Director.