1. Trophi acquires from Starwood
SEK 3.1 billion (EUR 313M) – EUR 2,112/sqm
The Redito company Trophi completed a gigantic deal when it bought five Swedish trading places from Starwood for SEK 3.1 billion (EUR 313M). The properties are located in strong trading areas, such as Arninge in Täby, Bäckebol in Göteborg and Boländerna in Uppsala. Other locations included are Malmö, Eskilstuna and Landskrona. The total area amounts to 148,103 square metres. Following the acquisition, Trophi has a portfolio of just over 800,000 square metres of retail area and a property value of SEK 12 billion (EUR 1.21 billion). This makes the company one of the largest focusing on retail in the Nordic countries.
2. KF sells Backaplan to Skandia
SEK 1 billion (EUR 101M) – EUR 3,632/sqm
In January, Skandia Fastigheter bought two properties at Backaplan in Göteborg from KF Fastigheter. The purchase price amounted to around SEK 1 billion (EUR 101M). Backaplan is part of the Norra Älvstaden vision, which is Europe’s largest city construction project, where an area of 4.6 million square metres will be built on by 2035. Skandia Fastigheter took over Backa 170:1 and Backa 172:1 in February 2016. Backa 172:1 currently includes the shopping centre Backa 2, with a Coop Forum and around 45 shops.
3. Niam sells Heron City
MSEK 930 (EUR 94M) – EUR 2,043/sqm
In September, Niam concluded its fourth fund and sold the shopping centre Heron City in Sweden’s largest retail area: Kungens kurva in Stockholm. The purchase price amounted to MSEK 930 (EUR 94M), and the buyer was a company co-owned by Varma, Capman Nordic Real Estate and Cavendo.
4. Aberdeen sells five properties to Tristan
MSEK 900 (EUR 91M) – EUR 1,475/sqm
Aberdeen Fastighetsfond Sverige sold six trading properties (Ekerö Centrum, Salem Centrum, Viksjö Centrum, Rondellen Centrum in Upplands Väsby and Storsjö Torg trading area in Östersund) to a fund managed by London-based Tristan Capital Partners LLP for MSEK 900 (EUR 91M). The total lettable area amounts to around 60,000 square metres, of which 75 per cent consists of retail space. The purchase is a development of the Nordic acquisitions Tristan has made earlier in Sweden and Norway.
5. Agora buying in Västerås
MSEK 850 (EUR 86M) – EUR 2,085/sqm
During the summer, Agora bought the malls Punkt (Mats 5) and Gallerian (Loke 24) in central Västerås from Carlyle. The properties were acquired in company format with an underlying property value of MSEK 850 (EUR 86M) in total. The two malls together have around 40,000 square metres of lettable area, and a garage with 1,500 parking spaces. The properties have an estimated rental value of around MSEK 98 (EUR 9.6M) and an occupancy rate of around 85 per cent. Punkt and Gallerian are located in direct contact with centres already owned by Agora.
The Largest Retail Transactions in Sweden
Sweden —
List of the five largest transactions with retail properties in Sweden from October 2015 to September 2016. The data is assembled by Newsec.
2016-11-03
Axel Ohlsson
[email protected]