NREP Nordic Strategies Fund, a fund managed by Nordic Real Estate Partners (NREP), has acquired seven modern daily goods assets located in greater Stockholm, Linköping, Mjölby, Nyköping and Halmstad for a total underlying value of €57 mln (SEK 530 mln). The assets are located in established retail areas and city locations enjoying strong residential development and population growth. NREP will work closely with the main tenant Coop to further enhance the assets’ potentials within the portfolio.
“We are pleased to secure this high-quality grocery retail portfolio with defensive cash flows concentrated in strategic locations along the E4 corridor between Stockholm and Linköping, one of the strongest growth areas in Sweden by population and urban development. The assets form a solid complement to the other Swedish and Nordic necessity driven retail assets in NREP’s portfolio” says Rickard S. Dahlberg, CIO and Partner at NREP.
Source: NREP
