Daniel Andersson, Head of Acquisitions at Niam Sweden, says:

“With these acquisitions, we are significantly expanding our property portfolio in Stockholm. The properties offer a strong cash flow with a majority of tenants in groceries and other necessity driven retail as well as community services and housing. All hubs are directly adjacent to rail-bound traffic and we are very much looking forward to further develop them together with existing tenants and the municipalities in question”.

F. Scott Ball, CEO of Citycon, says:

“The sale is a confirmation of the value and attractiveness of high-quality Nordic properties with investors. With the current global situation, with low activity in the transaction market, the deal is a confirmation of the current valuation levels for this type of property.”