18 February 2021
Grosvenor agrees sale of Haninge Centrum, Stockholm
Grosvenor Europe has agreed the sale of Haninge Centrum in Stockholm, Sweden, on behalf of the Grosvenor European Retail Partnership (GERP) Fund.
Acquired by Grosvenor in 2011, Haninge Centrum acts as the vibrant heart of the local community, offering over 43,000 sqm of retail, dining and community services. It also serves as a local commuter hub, just 30 minutes south of central Stockholm by direct train.
Since acquisition, the centre has undergone various improvements to deliver a more attractive and diverse tenant mix and provide a more vibrant visitor experience. As well as an established local community, there are also several housing development projects nearby, which strengthen the centre’s position.
Carl Strufve, Director, Nordics, Grosvenor Europe: “The divestment forms part of our wider investment strategy in the region. We have made considerable improvements to the asset since acquisition and the sale will enable us to focus on and reinvest in our existing portfolio. Stockholm remains one of our core markets.”
The property was sold to Niam, a real estate private equity firm based in northern Europe.
About Grosvenor Europe
Grosvenor Europe invests in, develops and manages real estate assets in vibrant European cities including Paris, Stockholm and Madrid. As a part of Grosvenor Group, with a track record of over 340 years, our activities are designed to improve properties and places that will deliver lasting commercial and social benefit in the places we are active.
Our approach to delivering social benefit identifies five priority areas where we believe we can have the most measurable impact on social and environmental sustainability and in 2020 we launched our net zero carbon strategy, committing us to halving our total carbon impact by 2030. This target was approved by the Science Based Targets Initiative and verified in line with the most ambitious trajectory of the Paris Agreement, to limit global warming by 1.5oC.
As at 31 December 2020, we managed £1.7bn AUM, including a several residential development projects, a growing office portfolio in Madrid and Paris, and retail-led assets in Stockholm.
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