Niam has acquired a modern retail park in an established submarket in Malmo, Sweden. Stora Bernstorp consists of four properties and has a total lettable area of 48,500m² with 16 tenants, the largest being Bauhaus, City Gross, Elgiganten, Leos Lekland and Jula. Two new restaurants, McDonald’s and KFC, are currently under construction. The seller is Aberdeen Standard Investments. The purchase price was not disclosed.
Fredrik Jonsson, Niam CEO, said: “We are happy to announce that we have acquired a well-run retail park with a strong tenant mix. Aberdeen Standard Investments has, in collaboration with RED, succeeded in developing Stora Bernstorp into a long-term attractive retail location, well-positioned in the Malmö market.”