Unibail-Rodamco sells portfolio of Swedish shopping centers and single retail unit to Grosvenor Fund Management (SE/FR)

Unibail-Rodamco has sold a portfolio of three Swedish shopping centers and a single retail unit to a consortium led by Grosvenor Fund Management.

On April 8, 2011, Unibail-Rodamco sold the portfolio for a total consideration of SEK 2.4 billion (approx. €268 million).

The portfolio, totaling approximately 98,000 m² GLA, comprises the Haninge, Väsby and Bålsta Centrum shopping centers as well as a hypermarket unit let to ICA Maxi located in Helsingborg.

This divestment forms an integral part of the Group's non-core asset disposal program to allow the Group to predominantly concentrate on malls welcoming a very large number of visitors.

Source: Unibail-Rodamco

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