AMF Fastigheter has acquired the three shopping centers, located in Stockholm's city center. The properties Fältöversten, Ringen and Västermalmsgallerian have a total lettable area of approximately 60,000 m².
The vendor is Centeni, owned by The Royal Bank of Scotland. AMF Fastigheter will be granted full ownership of the properties during the first quarter in 2012, after approval from the Swedish Competition Authority.
Daniel Gorosch, Head of Capital Markets at Jones Lang LaSalle in Sweden commented: "This is the largest retail transaction in Sweden in 2011 and the largest retail investment ever made by a domestic investor.
"We anticipate that total retail transaction volumes in Sweden for 2011 will reach SEK 16 billion, placing Sweden amongst the top five retail investment markets in Europe in terms of volume. Due to high demand from both domestic and international investors looking to purchase prime retail investments we expect this momentum to continue into 2012."
Jones Lang LaSalle acted as advisers to AMF Fastigheter.
Source: Jones Lang LaSalle