CBRE IM has sold two Swedish retail assets to real estate investment firm NIAM. Port 73, a 35,000m² GLA hybrid shopping centre and retail park in Haninge southeast of Stockholm, Sweden, and Gallerian Nian, a 22,000m² GLA urban shopping centre in Gavle, a city 170 km north of Stockholm, are included in the deal.
Port 73 has a strong convenience offering with two supermarkets, a DIY and garden centre, as well as entertainment, F&B and fashion space. Gallerian Nian is located in Gavle’s city centre, and ranges over four floors offering a cinema, fashion space, around 4,000m² of offices, and 700 covered parking spaces.
Jenny Tuleby, CBRE IM’s Head of Transactions and Investment Operations for the Nordics said: “We are pleased to conclude this strategic sale on behalf of our clients. During our hold we have managed to improve layout, tenant mix and profile, and created a stable source of income. We see increasing demand for retail assets that are well-located and have a diverse and convenience-anchored retail offering.”
