DnB Liv's sells the retail property Kista Galleria just outside Stockholm to Citycon Oyj and Pension Plan Investment Board (CPPIB) at a sum of approximately SEK 4.6 billion (approx. €526 million). Catella has been DnB Liv's advisor in the sale. The transaction is the largest single property transaction of 2012 on the Swedish market.
Kista Galleria is one of Sweden's largest and most popular shopping malls with some 18 million visitors annually. The mall holds some 180 stores and restaurants and has a lettable area of approximately 106,000 m², varying types of premises. Inclusive of parking the property holds some 133,000 m².
"This transaction is a good example to show that the Swedish market continues to attract foreign institutional capital," says Thomas Persson, Managing Director, Catella Corporate Finance in Stockholm.
Source: Castella AB