Swedish real estate private equity firm Niam has acquired two additional mixed-use properties in Sweden from Grosvenor Europe.
The assets includes Väsby Centrum and Bålsta Centrum, both with strategic locations close to important commuter hubs in northern Stockholm.
Financial details were not disclosed.
The properties include a variety of necessity driven retail such as grocery, healthcare and restaurants. Väsby Centrum includes office and leisure space as well as 80 retail units, while Bålsta Centrum, situated near the town hall and commuter train station of Bålsta, has some 32 retail units.
The properties have a combined lettable area of 52,000 m2 with some 1,000 parking spaces. Both municipalities have a significant expected population growth that will benefit the centres and their tenants.
Daniel Andersson, head of acquisitions Sweden at Niam said: 'These acquisitions complement our existing portfolio in an excellent way, and we see great development potential for them.
'We look forward to further strengthen their positions as the obvious local meeting places for residents, retail, socialising and various types of social service.'
Carl Strufve, director Nordics, Grosvenor Europe said: 'Since acquisition in 2011, we have worked conscientiously to develop Väsby and Bålsta Centrums into attractive city centres that better meet the needs of residents and visitors in their respective areas. 'The sale of these assets is part of our investment strategy, having delivered properties that are in significantly better condition than when we acquired them, and with great development potential.
Source: propertyeu.info on the 21st of December