Swedish private equity firm Niam has acquired a modern retail park in an established submarket of Malmö, Sweden, from Aberdeen Standard Investments.
Financial details were not disclosed.
Stora Bernstorp consists of four properties and has a total lettable area of 48,500 m2 with 16 tenants, the largest being Bauhaus, City Gross, Elgiganten, Leos Lekland and Jula. Two new restaurants, McDonald’s and KFC, are currently under construction.
'We are happy to announce that we have acquired a well-run retail park with a strong tenant mix. Aberdeen Standard Investments has, in collaboration with RED, succeeded in developing Stora Bernstorp into a long-term attractive retail location, well positioned in the Malmö market,' said Fredrik Jonsson, Niam CEO.
Savills advised Aberdeen Standard Investments on the transaction.
