Jumbo is one of the leading shopping centres in the Helsinki region with more than 85,000 sqm GLA and over 12 Mn visitors per year.
Following this transaction, URW's Nordics portfolio consists of 5 shopping centres of which 3 flagships.
"The success of this transaction shows the high quality of our assets, their attractiveness and their liquidity. This disposal will enable us to concentrate further on strategic assets in the Nordics with significant re-development and mixed-use opportunities," comments Lars-Åke Tollemark, Regional Managing Director Nordics for URW.
Nordanö was financial adviser to Unibail-Rodamco-Westfield.