Grosvenor Europe has acquired Lidingö Centrum in Lidingö, Sweden. The 19,900 m² mixed-use scheme is located 10 minutes’ drive from the centre of Stockholm and serves as the dominant convenience destination on the Lidingö island. The property comprises 42 tenants and is anchored by Coop, Systembolaget, H&M, Dressmann and Lindex. The centre also includes offices, a gym, a police station, a health centre and a dental practice.
James Raynor, Chief Executive, Grosvenor Europe, comments: “Sweden is a top performer in European markets and continues to offer a solid growth outlook. We see great potential in retail-led mixed-use assets in the Stockholm region, particularly where there is an opportunity to add value through the increase of the food and beverage and leisure offer, or through the introduction of residential in some cases. Lidingö is an exciting opportunity for Grosvenor to grow its position in the Nordics and it will enable us to continue to implement an activity that will deliver positive commercial and social benefit.”
Lidingö Centrum is Grosvenor’s first wholly owned shopping centre in Sweden since entering the market in 2011. The acquisition complements Grosvenor’s existing portfolio, held in investment vehicles, including four town centre retail schemes in the Stockholm region, and one in Malmö.
Grosvenor was advised by Allié Law, Cederquist, Gardiner & Theobald and KPMG, while Rockspring was advised by JLL.
