The total acquisition cost of  €176 M represents a net initial yield of 5.5% and an average value per sqm of €6,791.


The transaction is subject to standard conditions precedent and is expected to close in Q3 2015.


Constructed in 2002, Nova Lund, a 25,889 sqm shopping centre, is located in Lund (20 km northeast of Malmo), in the south of Sweden and attracts between 2-3 million visits per year.