NREP Nordic Strategies Fund, a fund managed by Nordic Real Estate Partners (NREP), has together with TAM Group acquired the Brunna Park retail site in Upplands-Bro from HSB Bostad.

The site is located with excellent visiability from the E18 highway, making it easily accessible for commuters to and from Stockholm as well as for local residents. Following a recently adopted zoning plan, the area will undergo a major transformation including the development of the retail park on the acquired site as well as substantial residential developments on neighboring properties. Coop Forum and Biltema will be the first tenants to open their stores in Brunna Park and leasing is ongoing for additional development phases.

“We are pleased to enter this project together with TAM, to create a shopping destination for everyday goods which Upplands-Bro is currently lacking”, commented partner Tobias Alsborger from NREP’s Stockholm office.