CBRE Global Investors has sold a shopping centre in south-east Sweden.
The mixed-use asset in Kalmar was acquired by Regio, owned by Nordic private equity firm Sveafastigheter, and Swedish national pension fund AP3. The two entities set up a joint venture last year to invest in office and retail properties in Sweden.
The Baronen centre covers 21,167 m2 and contains 35 units including offices, a hotel and a cinema. The site is located close to the main high street, harbour and the new university location.
Rik Eertink, country manager Nordics for CBRE GI, said: 'Given our business plan completion, this sale is aligned with the fund's overall strategy. The asset is broadly marketed and we are confident that we have realised the best sales price for our investors and Sveafastigheter has secured a core asset with a strong tenant base.'
CBRE GI was advised by Cushman & Wakefield, with legal advice provided by Linklaters.
