Grosvenor Fund Management comprising Grosvenor, Bouwinvest REIM, on behalf of bpfBOUW, the Dutch pension fund for the construction workers industry, and a major Canadian institutional investor, have acquired a portfolio of four retail properties from Unibail Rodamco. The portfolio consists of three shopping centers in the Stockholm region and a prime supermarket investment in Helsingborg.
The retail properties consist of 98,000m² portfolios comprises Haninge Centrum, Väsby Centrum, Balsta Centrum and a property let to ICA Maxi in Helsingborg. This acquisition is part of the three Consortium investors’ European investment programs, and represents a long-term commitment to the Swedish property market.
James Raynor, Chief Investment Officer and Director, GFM Continental Europe, commented on the acquisition: “We are always looking for opportunities that will create value for our investor partners, and have been looking at the Swedish market for some time. The fundamentals of the Swedish retail market actively support growth in the sector and the acquisition of this portfolio reflects our confidence in the market. We will continue to monitor the market for acquisition opportunities in the future”.
Stephen Tross, Director International Investments at Bouwinvest REIM added: “This acquisition is a good example of our focus on core assets in strong markets through club deals and joint ventures.”
I am amazed how the online marketing changed the way of investing in properties nowadays. The trend is fast growing and still upgrading.
Posted by: invest in real estate Baltimore MD | April 25, 2011 at 03:49