The properties are situated in Barkarbystaden, one of Sweden's largest ongoing urban development projects, where 14,000 new apartments are planned. Together, the buildings on the aquired property offer approximately 37,000 sqm of retail space, including 17,000 sqm dedicated to the Stockholm Quality Outlet, one of Sweden's largest outlet centers. The properties host well-known retailers such as Jysk, Stadium and Rusta. 

The Stockholm Quality Outlet was originally developed in Barkarby in 1998 through a collaboration between Ikano and Skanska. Today, it is Sweden's largest outlet and is home to brands such as Nike, Tommy Hilfiger and WMF. Over recent years, the area has undergone significant transformation, evolving into a dynamic urban district. According to the municipality of Järfälla, the Barkarbystaden project will not only deliver 14,000 new apartments but also create thousands of jobs by 2032. With connections to the metro (opening 2027) and regional train services, the area is poised to become a key hub in northwest Stockholm. 

"The retail sector is currently in an exciting phase, and we see continued growth in both sales and visitor numbers at Barkarby and the Stockholm Quality Outlet. As Barkarbystaden enters its next phase of development, we see an excellent opportunity to enhance the retail location and the district as a whole. Art-InvestReal Estate is aiming to make further acquisitions in Sweden in the future, in addition to commercial properties, especially in the residential segment, which promises great growth potential,” says Johan Öhlund Lagerdahl, Head of the Stockholm branch of Art-Invest Real Estate. 

PWC acted as tax advisor, and K&L Gates served as legal advisor to Art-InvestReal Estate.