CBRE Global Investors' Nordic Property Fund has sold a supermarket portfolio consisting of 54 assets in Sweden for almost SEK 1.2 bn (€130 mln).
CBRE Global Investors' Nordic Property Fund has sold a supermarket portfolio consisting of 54 assets in Sweden for almost SEK 1.2 bn (€130 mln).
The purchaser is Trophi Fastighets, managed by Swedish private property investor Redito.
The 138,000 m2 portfolio is let to Coop (51%), ICA (29%), City Gross (7%) and other retailers (13%).
'The fund’s strategy has been to consolidate its super and hypermarket property portfolio in Sweden and the sale of this portfolio is in line with this plan,' commented Rik Eertink, country manager Nordics, CBRE Global Investors.
Menno Verhoeff, head of transactions at CBRE Global Investors Nordics, added: 'With the increase in demand for supermarkets, we were approached by a number of interested parties in this portfolio and we have been able to take advantage of the increased investor demand.'
Following the sale the group has also achieved the targeted change in allocation of the fund.
Leimdörfer and Kilpatrick Townsend & Stockton acted for CBRE Global Investors.