NREP has bought four Swedish convenience retail assets from a Tristan Capital Partners fund.
Tristan said the opportunistic EPISO 4 fund has sold the grocery-anchored local shopping centres in the Greater Stockholm region to the Nordic real estate investor for an undisclosed price.
The assets sold include the 11,300sqm Näsbypark Centrum, the 11,700 sqm Viksjö Centrum convenience centre, the 11,000sqm Ekerö Centrum and Rondellen in Upplands Väsby.
Gyongyver Giday, director at Tristan Capital Partners, said: “Since we bought the portfolio around three years ago we have disposed of two assets that were not strategically located and focussed on stabilising the remaining four assets located in Greater Stockholm.
“We have successfully executed on our business plans, securing longer leases with the grocery and other anchor tenants, upgraded their units at Näsbypark and Viksjö to improve performance and have made significant advancements in obtaining residential zoning for new units in Ekerö.”