5 April 2018
Grosvenor Europe acquires Lidingö Centrum, Stockholm
Grosvenor Europe has aquired its sixth Swedish shopping centre, Lidingö Centrum, in Stockholm.
The 19,900 m2 mixed-use scheme is located on the island of Lidingö, 10 minutes’ drive from the centre of Stockholm. The centre serves as the dominant convenience destination on the Lidingö island and comprises 42 tenants, anchored by Coop, Systembolaget, H&M, Dressmann and Lindex. The centre also has offices, a gym, a police station, a district health centre and a dental practice.
James Raynor, Chief Executive, Grosvenor Europe, comments: “Sweden is a top performer in European markets and continues to offer a solid growth outlook. We see great potential in retail-led mixed-use assets in the Stockholm region, particularly where there is opportunity to add value through the increase of the food and beverage and leisure offer, or through the introduction of residential in some cases.
“Lidingö is an exciting opportunity for Grosvenor to grow its position in the Nordics and it will enable us to continue to implement activity that will deliver positive commercial and social benefit.”
Lidingö Centrum is Grosvenor’s first wholly owned shopping centre in Sweden since entering the market in 2011. The acquisition complements Grosvenor’s existing portfolio, held in investment vehicles, including four town centre retail schemes in the Stockholm region, and one in Malmö.
Grosvenor was advised by Allié Law, Cederquist, Gardiner & Theobald and KPMG, while Rockspring was advised by JLL.
For more information contact:
Rebecca Dwyer, Press Office
020 7312 6101
Notes to Editors
Grosvenor Europe invests, develops, operates and manages real estate assets and funds, with a focus on vibrant European cities including Paris, Stockholm, Madrid and Liverpool.
We utilise our local expertise and the Grosvenor Group’s 340 years of international experience in real estate, adopting a long-term, value-add approach in order to deliver lasting commercial and social benefit in the places we are active.
Previously known as Grosvenor Fund Management, as at 31 December 2016 we managed £2.9bn / €3.4bn of assets, Liverpool ONE in the UK and Skärholmen Centrum shopping centre in Stockholm. We also have four residential developments underway in Madrid. www.grosvenor.com @GrosvenorEurope