Savills Investment Management starts off their new Nordic retail fund through a major purchase of Ikea retail areas. The company’s Head of Nordics Peter Broström tells Nordic Property News about the process to seal the deal, what the distribution of the company’s Nordic investments will look like and how they view the future for retail.
Ikea has sold shopping centers in Europe for EUR 900M, and one of those centers are located in Taastrup and encompasses 8,000 sqm.
Pradera has announced the first closing of the Pradera European Retail Parks SCSp, a Luxembourg fund. In a EUR 900M transaction agreed with Ikea Centres, the fund has signed a contract to acquire 25 prime retail parks next to Ikea stores in eight European countries.
Ikea has purchased land in Vestby for EUR 8.8 M.
Ikea is close to selling 27 retail park surroundings to London based Pradera for approximately EUR 1 billion, according to Bloomberg. Three of the items in the portfolio are Swedish.
Ikea is planning a 37,000 sqm department store in central Copenhagen along Kalvebod Brygge.
Ikea forms a new global real estate company to own shopping malls around Ikea department stores. - I cannot comment on how this will affect us, Jan Kristensson, CEO at Ikano Retail Centres tells Nordic Property News.