Redevco makes first acquisition in Sweden (S)

The private real estate fund Redevco has made its first acquisition in Sweden by obtaining the retail object Ahlens House in Malmö for SEK 170 mln. (€ 18.7 mln). The object is situated on the prominent pedestrian area Södergatan.

Ahlers House was delivered in 1966 and contains 6,400 m² of shopping space on 3 levels. Ahlens, a retail formula for fashion and interior design, has simultaneously signed a new 10-year lease contract with Redevco.

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