Värmdö Köpcentrum, the dominating shopping centre in the municipality of Värmdö, has been divested by a company controlled by Rockspring Property Investment Managers LLP (“Rockspring”) and Vencom to Alecta, the largest occupational pension company in the Nordic region. The real estate value in the transaction amounts to SEK 421 million and the closing of the transaction took place on the 8th of July, 2016.

Värmdö Köpcentrum is the core of a retail location with approximately 50 stores in the municipality of Värmdö. In connection with the transaction, Alecta and Vencom are starting a new co-operation. Vencom will as a consequence of the new co-operation continue to have the overall responsibility for the development and the asset management of Värmdö Köpcentrum.

“During the years of co-operation with Rockspring, Värmdö Köpcentrum has had a positive development with a strengthened position in the market with a wider offering to the consumer as well as a positive store sales development. We are now looking forward to our new co-operation with Alecta and to take the next step in the development of the asset.” says Johan A. Gustavsson, Chairman of Vencom Property Partners.