Eurocommercial Properties N.V. (Eurocommercial) announced today that it has signed a sales purchase agreement with Serena Properties - a fund managed by Redito on behalf of two investors, Balder, the listed Swedish property company and a Finnish pension fund, Varma - for the sale of its retail park, Moraberg in Sweden.

Moraberg is located on the E20/E4 motorway outside Södertälje, to the South of Stockholm and compromises approximately 18,800m² and is fully let to some of Sweden’s most important box retailers in the electrical, sport, DIY and household sectors.

The transaction has been based on a purchase price of around SEK 431 million, which is at the same level as the Company’s latest independent valuation as per June 2020. 

Completion will take place at the end of September 2020.

This disposal is part of Eurocommercial’s commitment to strengthen its balance sheet and highlights the quality of its assets.