Citycon Sells Stockholm Shopping Center to Artmax

Sweden Sweden Citycon has entered a deal with Artmax regarding the divestment of the Ă…kermyntan shopping center in Stockholm. Furthermore, Citycon has developed and sold adjacent construction rights of approximately 7,000 square meter apartment buildings to a property developer.

2018-04-16

Share via e-mail

Citycon’s total divestment price is approximately EUR 30M. 
 
“The divestment of Åkermyntan is a natural step in our strategy to focus on larger, grocery based shopping centers in urban nodes. The divestment gives us the opportunity to strengthen our balance sheet and finance our development projects,” says Tom Lisiecki, Development Manager at Citycon.
 
“The acquisition, our fourth in the Nordics in the last twelve months, fits our portfolio well with strong cash flows and development potential. Citycon has done great work with Åkermyntan and we are happy to take over the continued development of the center and local aream” says Kristoffer Ultenius, CEO at Artmax.
 
The Åkermyntan Center encompasses shops and service of a total of 9,400 square meters. Among the tenants are Ica, Lidl, Legevisitten’s ER, care, maternity and child welfare centers as well as a library.
 
CBRE were Citycon’s advisors in the transaction.




Maria Olsson Äärlaht
maria@nordicpropertynews.com




Magnolia Sells to Slättö

Sweden Sweden Magnolia Bostad signed an agreement for the sale to Slättö of around 650 residences in Bro, Upplands-Bro municipality. The value at completion is expected to amount to around EUR 113M.


Ikano Sells to Trianon and Heimstaden

Sweden Sweden Ikano sells to Heimstaden and Trianon, which has signed an agreement to buy a property portfolio of a total of eight properties in Malmö and two properties in Lund. The portfolio comprises 388 apartments and a smaller number of commercial premises. The transaction price is EUR 69M.

Pelican Sells Five Plants in Sweden

Sweden Sweden Pelican Self Storage divests five of their eleven plants in Sweden. The plants which are concerned are located in Västerås, Örebro, Linköping, Norrköping and Åkersberga. The buyer is Shurgard, who takes over the plants including employees and customers.

Hemfosa Acquires Portfolio for EUR 106M

Sweden Sweden Hemfosa has signed an agreement to acquire a property portfolio in Sweden with a value of about EUR 106M. The portfolio consists of seven properties comprising predominantly office premises with tenants in the community services sector.

Balder in New Hotel Investment

Sweden Sweden Balder, together with Folkets Hus and the hotel operator Nordic Choice, has entered into an agreement to develop, construct and operate the new hotel at Järntorget in Gothenburg.    


EUR 929M Deal on Rocky Residential Market

Sweden Sweden Heimstaden has entered a framework agreement with Magnolia Bostad for projects in Greater Stockholm and the Öresund region worth approximately EUR 929M. Fredrik Årman, Head of Transaction at Heimstaden, tells Nordic Property News on the thoughts of making a blockbuster deal on the current residential market.

Rent Levels in Gothenburg

Sweden Sweden Gothenburg is the fifth largest city in the Nordic countries and one of the fastest growing. Nordic Property News presents figures for rent levels in the city.

Stendörren Acquires from Profi

Sweden Sweden Stendörren acquires six properties in Stockholm from Profi. The transaction price is EUR 89M.

Balder an Important Partner in Väsby Entré

Sweden Sweden Fastighets AB Balder will be a so-called anchor partner in the work on Väsby Entré in Upplands Väsby, and will develop more than half of the project.

Vasakronan Acquires Retail Property in Uppsala

Sweden Sweden Vasakronan has acquired the property Dragarbrunn 18: 3 in central Uppsala from SEB Trygg Liv. The purchase price amounts to MSEK 284.5 (EUR 27.7M).