The properties have a variety of necessity driven retail such as grocery, healthcare and restaurants and have a combined lettable area of 52,000 sqm with ~1,000 parking spaces. Both municipalities have a significant expected population growth that will benefit the centers and its tenants.

Daniel Andersson, Head of Acquisitions Sweden, says:

“These acquisitions complement our existing portfolio in an excellent way, and we see great development potential for them. We look forward to further strengthen their positions as the obvious local meeting places for residents, retail, socializing and various types of social service.”

Carl Strufve, Director Nordics, Grosvenor Europe says:

"Since acquisition in 2011, we have worked conscientiously to develop Väsby and Bålsta Centrums into attractive city centers that better meet the needs of residents and visitors in their respective areas. The sale of these assets is part of our investment strategy, having delivered properties that are in significantly better condition than when we acquired them, and with great development potential. We are happy that Niam shares our vision for Väsby- and Bålsta Centrum and we continue to look for other opportunities to invest in our existing portfolio and in the Stockholm region.”

Closing is estimated April 1, 2022. Niam’s commuter hub portfolio will then consist of more than 150,000 sqm lettable area.