Klepierre completes sale of five shopping centers for €354 million (SE)

Klépierre announced that Steen & Strøm, its 56.1% controlled subsidiary, has completed the sale of five shopping centers located in Sweden – Familia (Hyllinge, 15,769 m²), Etage (Trollhättan, 16,604 m²), Mirum (Norrköping, 39,122 m².), MittiCity (Karlstad 16,010 m²) and Sollentuna Centrum (Stockholm, 35,713 m²) for a total consideration of €354 million.
These five centers have been acquired by Thon Retail Properties AB, a subsidiary of Olav Thon Eiendomsselskap ASA, which is part of the Olav Thon Group (Norway's largest private property owner).
This portfolio disposal is part of Klépierre’s asset rotation strategy to enhance the overall portfolio profile. The transaction also releases financial capacity for Steen & Strøm to fund the future targeted development projects that are planned to be realized in Norway, Sweden and Denmark in the coming years.
Source: Klepierre