16 March 2016
Grosvenor recognised for commitment to Swedish asset
Haninge Centrum shopping centre, near Stockholm, has been recognised as one of the most improved shopping centres in Stockholm in 2015.
Haninge Centrum shopping centre near Stockholm has been recognised as one of the most improved shopping centres in Stockholm in 2015.
An asset of Grosvenor Fund Management’s Retail Centres III (Europe) Fund, Haninge Centrum was ranked second in the ‘Climber of the Year’ category in a poll by leading market research consultancy, Evimetrix. 1,800 Swedish consumers took part in the satisfaction survey of 47 different shopping centres in and around Stockholm.
The award is an acknowledgement of Grosvenor’s efforts to consistently improve the centre’s facilities, benefiting consumers, retailers, investors and the wider community.
Grosvenor continues to invest in the centre with two significant value-adding projects in 2016. The most recent is the extension, reconfiguration and reopening of the centre’s H&M offering. The new 3,000 sqm store will open during the autumn. In connection with the H&M project, adjacent units leased to Stadium and Lindex will also be extended. Stadium is expected to open a 1250 sqm store and Lindex a 950 sqm store before the summer.
Another project already underway is the transformation of 4,350sqm of vacant office space into a vibrant leisure complex and restaurant. The tenant, Rollers n’ Bowlers estimates it will open the first floor of the new unit just before summer. The full unit is expected to open in the autumn.
Haninge Centrum is a catchment driven shopping centre located southeast of Stockholm. It holds 29,000 sqm retail space and about 43,000 sqm of total space, including offices and residential. The centre has an annual footfall of about 5.7 million people.
For more information on Haninge Centrum, click here.
For more information contact:
Rebecca Dwyer, Press Office
020 7312 6101
Notes to Editors
Grosvenor Fund Management
Our fund management business aims to create value for investors, shareholders and staff by creating compelling investment strategies that are expertly implemented. Building on our recognised skills and track record, we focus on urban property, often mixed-use and with a retail focus, in cities and locations whose vibrancy will endure. We select high-quality assets and manage them vigorously. We treat our tenants, as well as our investors, as partners, building close and mutually beneficial relationships that draw on Grosvenor’s long experience in real estate. We work best with clients who, like Grosvenor, have a long-term view of investments while being alert to the potential of short-term opportunities to enhance returns. As at 31 December 2014, assets under management were £3.0bn with 59 investor partners in 21 property funds, club deals and separate account mandates.