Olav Thon has acquired Åsane Storsenter in Bergen (49.604 sqm) and Torp Köpcentrum in Uddevalla (31.600 sqm). The is Steen & Strøm and the sale is based on a property value of MNOK 1,928 (EUR 211M) for Åsane Storsenter and MSEK 1,285 (EUR 129M) for Torp Köpcentrum.

These disposals are in line with (Steen & Strøm owner) Klépierre’s asset rotation strategy for optimizing its portfolio. The transaction also releases additional financial capacity for Steen & Strøm to fund the development projects in its pipeline and potential acquisitions in Scandinavia.
 
"We have previously stated that we have a strategy where we gradually change the composition of our shopping center portfolio. Steen & Strøm recently acquired Oslo City and has major development plans that will require considerable resources over the coming years. We are therefore glad to announce the agreement with Thon Group, which will be a competent and strong owner of Åsane Storsenter and Torp Köpcentrum. Steen & Strøm will use the proceeds from this sale to further develop our position as a leading shopping center player in Scandinavia," says CFO Bjørn Tjaum.