German open-ended manager Commerz Real has signed the deed to acquire the Danderyd Retail Park development in Stockholm for about EUR 28 mln. The shopping centre consists of nine separate properties with a gross lettable area of roughly 14,300 m[sup]2[/sup].
German open-ended manager Commerz Real has signed the deed to acquire the Danderyd Retail Park development in Stockholm for about EUR 28 mln. The shopping centre consists of nine separate properties with a gross lettable area of roughly 14,300 m2.
The first eight building are slated for completion in the winter of 2010, with the final unit to be completed by spring 2011.
The mall, which is designed in line with green building standards, was sold by the Danish project development company TK Development, which previously developed the Barkaby and Malmö Entre shopping centre projects for Commerz Real.
Commerz real is contributing Danderyd Retail Park to its Hausinvest open-ended fund.
