On September 17, 2012 Eurocommercial sold the 42,178 m² Burlöv Center in Malmö to a consortium led by Grosvenor Fund Management for the December 2011 valuation of SEK 1,158 million (approx. 134 million).
Eurocommercial took the decision to sell Burlöv Center after completing a major extension and refurbishment in 2006 and carrying out further remerchandising over recent years.
Some of the proceeds from the sale are being reinvested in the acquisitions of Eurostop, Halmstad in southern Sweden and Les Grands Hommes in Bordeaux.
Eurocommercial will report its first quarter 2012/2013 results on November 9, 2012. The sale is due to complete on November 15, 2012.
Source: Eurocommercial
