REDEVCO Sweden has purchased a retail warehouse building in Lund from the Swedish real estate company IKANO Fastigheter AB, owned by the founder of IKEA.
The property, which is fully let, is located on a prime location in the Nova Lund retail park, and provides approx. 3,200 m² of retail. The property was constructed in 2005 and is let to Överskottsbolaget on a long lease. The Nova Lund retail park is one of the fastest growing retail parks in Sweden and is strategically located within the very expansive Öresund Region.
Andrew Vaughan, Managing Director of REDEVCO UK/Nordics, says REDEVCO is very pleased to be able to further increase the size of the portfolio in Sweden. "This shows that REDEVCO is a competitive player on the Swedish market, which is one of the most liquid markets in Europe."