NREP divests another asset in its necessity driven retail portfolio
NREP, the pan-Nordic real estate investment manager, has sold the community center Näsbypark Centrum in Täby, Stockholm
Today Näsbypark Centrum has been acquired by the European Property Investors Special Opportunities 4 (EPISO 4), an opportunity style fund advised by pan-European real estate investment manager Tristan Capital Partners. The asset has been part of NREP’s necessity driven retail portfolio and is an established community center consisting of shopping areas, restaurants and community services such as a health care center, a care home and a school. The asset is located in Täby municipality, 15km north of central Stockholm.
The transaction received a lot of attention in the market highlighting the quality of the asset and the attractiveness to invest in the growing Stockholm region. The property value is SEK 314 million and the total lettable area amounts to approximately 11,600 sqm.
“Näsbypark Centrum has a strong position as the community center with its attractive mix of retail, educational and health care services. During NREP’s holding period we have worked proactively to optimize the tenant mix and to prepare for future building rights for residential”, says Tobias Alsborger, Partner at NREP.
”We are very proud of having secured a strong exit for our investors despite the somewhat short holding period. We have worked actively with the asset to materialize its full potential and we are now getting rewarded for our diligence and professional asset management”, says Rickard Dahlberg, CIO and Partner at NREP.
NREP was advised by C&W and Real Advokatbyrå.
For additional information please contact:
Gustaf Lilliehöök, Investor Relations & Business Development, NREP, +45 2112 0441
Tobias Alsborger, Partner, NREP, +46 704 800 187