Svenska Handelsfastigheter Purchases for Half a Billion from Standard Life
Svenska Handelsfastigheter acquires a portfolio of seven retail properties for a purchase price of EUR 54M, from Standard Life Investment European Property Growth Fund, EPGF.
Multiple properties are located near local retail areas that contribute to a customer flow; Erikslund in Västerås, Hemlingby Köpcentrum in Gävle, Kungens Kurva in Huddinge, Hede Fashion Outlet in Kungsbacka and by the barracks area in Falun.
Through the acquisition Svenska Handelsfastigheter establishes themselves in two additional cities, Västerås and Kungsbacka.
“It is an interesting acquisition since we se development possibilities in many of the properties,” says Staffan Unge, Business Development Manager at Svenska Handelsfastigheter.
Possession will be taken on June 19th 2017.
The law firm Glimstedt was the buyer’s advisor while JLL and Linklaters was the seller’s advisors.