Svenska Handelsfastigheter Purchases for Half a Billion from Standard Life

Sweden Sweden 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.

2017-06-09

Share via e-mail

The properties are located in five cities; Falun, Västerås, Gävle, Huddinge and Kungsbacka, with a total leasable area of 31,100 sqm.
 
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. 




Maria Olsson Äärlaht
maria@lokalnytt.se
fastighetssverige.se




Alma Sells to Pareto Company

Sweden Sweden Alma Property Partners has sold a portfolio comprising eight warehouse and light industrial properties in southern Sweden to Logistri, a newly established company managed by Pareto Securities. The portfolio includes a gross lettable area of 100,000 square metres. The properties are fully leased with a weighted average lease length of 15 years.


Huge Investment in Research Facility in Gothenburg

Sweden Sweden Vectura and Next Step are building a new arena for Life Science and Innovation in collaboration with Astra Zeneca. The venture is estimated at approximately EUR 365M.

Klövern in Property Swap Deal with Corem

Sweden Sweden In a property swap deal with Corem, Klövern acquires three properties in Norrköping and one site leasehold to a property in Stockholm, and sells three properties and one site leasehold to a property in the Stockholm area.

Skanska to Build for Fabege in Stockholm

Sweden Sweden Fabege has commissioned Skanska to build the Hammarby Terrassen property, and the project will be run as a collaborative venture.

Tyréns to Strengthen The International Offer

Sweden Sweden Tyréns has completed its second strategic investment in the UK engineering market by acquiring a stake in Hilson Moran, which was previously backed by private equity investor Albion Capital.


Skandia Purchases 19,400 sqm in Metropolitan Stockholm

Sweden Sweden Skandia Fastigheter purchases five social properties with schools, health and social care of a total of 19,400 square meters in metropolitan Stockholm.

NREP Divests in Täby

Sweden Sweden NREP has sold the community center Näsbypark Centrum in Täby, Stockholm.

Continued Divestment for Magnolia

Sweden Sweden Magnolia Bostad divests the Fasanen project located in Central Arlöv, Burlöv’s municipality, encompassing 275 rental units. The divestment refers to, among others, the Burlöv Arlöv 20:58 property and the property value upon completion is estimated to approximately EUR 49M.

Rikshem Purchases Project Property

Sweden Sweden The project property is located in Central Uppsala where a social property with 105 new care facilities will be erected. The seller is Fastighetsförädlarna i Mälardalen and a 15 year lease has been signed with Attendo Sverige.

Svevia to Sell 158 Properties

Sweden Sweden In an upcoming giant deal Svevia will sell 158 properties in strategic locations across the country.