Linklaters has advised CBRE Global Investors, one of the world’s largest real estate investment management firms, on its sale of Baronen Shopping Centre in Kalmar, Sweden, to Fastighets AB Regio.
CBRE Global Investors has by way of a share transfer sold the property on behalf of the CBRE Nordic Property Fund (NPF). The mixed-use asset in Kalmar was acquired by Fastighets AB Regio, jointly-owned by Nordic private equity firm Sveafastigheter and the Swedish national pension fund AP3. The two entities set up the joint venture last year to invest in properties in Sweden.
Magnus Lidman, partner, advised CBRE Global Investors on the deal. Lidman said: “The Nordics continue to attract significant investment in real estate thanks to a transparent and high-quality institutional environment where investors recognise the value of mixed-use assets located in strong locations.”
Baronen Shopping Centre is located in the hub of southeast Sweden, Kalmar, and totals over 21,000m2 with 35 units including offices, restaurants, a hotel and a cinema. Baronen is the dominant location for shopping, entertainment and hospitality in central Kalmar and is well located near the main town centre, harbour, the new university location and Kalmar Castle with good transportation access.
For further information please contact Lianne Robinson.