Cordea Savills buys Swedish property

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Cordea Savills has acquired a retail property in a suburb of Stockholm for €32m for its European Retail Fund.

The property is fully let to 14 tenants, who are signed to inflation linked leases. Anchor tenant is Coop, a supermarket.

Peter Brostrom, director of Investment in the Nordic region, said that the area provided resilient local spending, and that there is potential to maximise the value of the asset by “optimising the tenant mix, which will improve sales and increase footfall”.

Ian Jones, director of Investment said: “We are delighted to add another first class Nordic asset following the recent acquisition in Copenhagen.  The fund now has assets in the major European cities of Berlin, Paris, Glasgow, Birmingham, Hanover, Copenhagen and Stockholm, with leading tenants including HSBC, Kaufland, Tiffany, Edeka, Dixons and H&M.  We look forward to further acquisitions in the coming months.”


Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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