16 March 2016
KappAhl opens in Grosvenor’s Bålsta Centrum
Leading Swedish fashion retailer KappAhl has opened a new 612 sqm store in Bålsta Centrum.
Leading Swedish fashion retailer KappAhl has opened a new 612 sqm store in Bålsta Centrum. The shopping centre, located north of Stockholm, is an asset of Grosvenor Fund Management’s Retail Centres III (Europe) fund.
The new full concept KappAhl store includes women’s, men’s and children’s fashion and was created following the merger of several vacant retail units and a former common area.
Hans Jepson, Expansions manager, KappAhl, comments: “We believe Bålsta’s location is spot on. It’s a good shopping centre with a good service offering. I have followed it for several years and seen how well our fashion colleagues are performing. Now we offer something for the whole family in a centre that continues to develop.”
The launch on February 25th was a great success for both KappAhl and Grosvenor, and has already positively impacted footfall levels at the centre, which increased by 5.5% compared to the same day last year.
The successful establishment of KappAhl has also encouraged interest from international fashion retailers to open new stores in the shopping centre.
For more information on Bålsta 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.
KappAhl was founded in 1953 in Gothenburg and is today one of the Nordics leading fashion chains with almost 400 stores in Sweden, Norway, Finland and Poland as well as Shop online. They offer affordable fashion with its own design to the many people – women, men and children. 24 percent of its assortment is branded sustainable. In 2013/2014 the turnover was SEK 4.7 bn and the number of employees where approximately 4 000 in nine countries. KappAhl is listed on the Nasdaq Stockholm exchange.