NREP Nordic Strategies Fund acquires a 28,300 m2 daily goods portfolio from KF Fastigheter
NREP Nordic Strategies Fund, a fund managed by Nordic Real Estate Partners (NREP), has acquired seven modern daily goods assets located in greater Stockholm, Linköping, Mjölby, Nyköping and Halmstad for a total underlying value of SEK 530 million. The assets are located in established retail areas and city locations enjoying strong residential development and population growth. NREP will work closely with the main tenant Coop to further enhance the assets’ potentials within the portfolio.
“We are pleased to secure this high-quality grocery retail portfolio with defensive cash flows concentrated in strategic locations along the E4 corridor between Stockholm and Linköping, one of the strongest growth areas in Sweden by population and urban development. The assets form a solid complement to the other Swedish and Nordic necessity driven retail assets in NREP’s portfolio” says Rickard S. Dahlberg, CIO and Partner at NREP.
”The divestment is part of our strategy to focus on our core business within KF. In addition, we are particularly pleased that NREP is behind the acquisition, as Coop is already a very content tenant with them” says Helena Liljedahl, CEO at KF Fastigheter.
NREP has been advised by REAL advokatbyrå. KF Fastigheter has been advised by Leimdörfer AB and Setterwalls.
For additional information please contact:
Rickard S. Dahlberg, Partner and CIO, Nordic Real Estate Partners +46 709 52 02 03
Gustaf Lilliehook, Investor Relations, Nordic Real Estate Partners +45 2112 0441