CBRE Global Investors has sold the mixed-use property Baronen Shopping Centre on behalf of the CBRE Nordic Property Fund (NPF). The buyer was Regio, which is owned by Sveafastigheter a Nordic property investment firm and AP3, on behalf of AP funds.
The property located in the hub of southeast Sweden in Kalmar totals 21,167m2 and has 35 units including offices, a hotel and a cinema. Baronen is the dominant location for shopping, entertainment and hospitality in central Kalmar and is well located near the main high street, the harbour and the new university location with good transportation access.
Rik Eertink, country manager Nordics, CBRE Global Investors, said: “‘Given our business plan completion, this sale is aligned with the Fund’s overall strategy. The asset is broadly marketed and we are confident that we have realized the best sales price for our investors and Sveafastigheter has secured a core asset with a strong tenant base.
Menno Verhoeff, head of transactions Nordics, CBRE Global Investors, said, “We are very pleased with this sale which shows our ability to harvest proceeds and execute for our clients in the Nordics. We will continue to invest actively in Sweden strengthening our portfolio base in this country.”
CBRE Global Investors was advised by Cushman Wakefield and its legal advisor was Linklaters.
