CBRE Global Investors has sold on behalf of the Nordic Property Fund a supermarket portfolio consisting of 32 assets in Sweden for approximately €46 million. The ca. 49 000 m² portfolio is let to coop (68%) and ICA (32%) and is located in central and southern Sweden. The purchaser is the Swedish property fund Sveafastigheter Fund III.
Martin Sersé, Country Manager of CBRE Global Investors in the Nordics said: “The sale is entirely in line with CBRE Global Investors Nordic Property Fund's strategy of consolidating its super and hypermarket property portfolio in Sweden. We have capitalized on the value of the portfolio to maximize our investors requirements.”
Johan Bråkenhielm, Head of Investments at CBRE Global Investors Nordics commented: “The demand for supermarket portfolios has increased. Many investors have approached us; by disposing of this portfolio we achieve the targeted change in allocation and take advantage of the increased investor demand.”
Source: Citigate Dewe Rogerson