The company, Svenska Handelsfastigheter, has the ambition to through long term pension capital and retail companies, create a long term and customer oriented real estate company focusing on retail properties.
Lennart Sten, Thomas Holm and Johan Röhss founded Svenska Handelsfastigheter. Lennart Sten and Thomas Holm both have many years of experience in the real estate industry, mainly from GE Capital Real Estate, and they will lead the business.
Johan Röhss, co-owner and director, has extensive experience from retail, among others from Ica and the investment business at Investor.
The properties in the deal are located between Ystad and Boden. The tenants are leading food chains like Ica, Bergendahlsgruppen, Axfood and Coop and other volume retail investors. The total leasable area is approximately 180,000 sqm of which 97 percent is retail area.
Areim has acquired the properties during the period of 2010-2013 and they have been developed jointly with Möller & Partners and HEA Property Partners.
The seller is Areim Fond I, together with minority owner Möller & Partners and Areim Fond II. Possession will be taken during the fall of 2015.
“We have been developing the properties since they were acquired through active management and a close dialogue with the tenants. Now that the portfolio is stabilized with a low vacancy rate and stable cash flows, we choose to sell in cohesion with our strategy. The divestment is the first in Fond II, says Therese Rattik, CEO at Areim.
Possession will be taken during the fall of 2015.
The acquisition has been financed by Nykredit and Kåpan Pensioner Försäkringsföreing.
The law firm Glimstedt has been legal advisor to Svenska Handelsfastigheter.
Leimdörfer and Kilpatrick has been Areims advisors.
Lennart Sten Behind Large Retail Property Venture
Sweden —
A new Swedish real estate company, founded by amongst others Lennart Sten, former Europe Manager at GE Capital Real Estate, purchases 44 retail properties from Areim.
2015-07-10
Nicklas Tollesson
[email protected]