Bromma Blocks is a dominant retail scheme located in Bromma, one of Stockholm’s wealthiest districts and eight kilometres west of the CBD. The property is 96 percent leased, comprising a total lettable area of approximately 57,000 sqm, of which 25,000 sqm is a shopping centre (“the Gallery”) and 32,000 sqm is a prime retail park. The property combines typical large “big box” retailers in the retail park and a more fashion-focused retail offering in the Gallery. Main tenants include Coop, XXL, Ahlens, H&M, Jula and Rusta. There is parking for 2,300 cars.
 
A building permit has been granted to double the retail floor space of the Gallery via an extension, which will comprise four levels and will be integrated with a newly constructed tram stop.
 
“The acquisition of Bromma Blocks is in line with one of the Fund’s key strategies – to acquire dominant retail assets in liquid markets that can be enhanced through further development and refurbishment,” said Charles Baigler, Fund Manager of ECF. “We are working with a specialist local operating partner to deliver the business plan.”
 
CBRE GIP was advised by CBRE and Linklaters on the transaction.