Asset manager Nuveen has agreed the sale of the Nova Lund shopping centre in Sweden to Skandia Fastigheter for an undisclosed sum.
Built in 2002 and located 2km northwest of central Lund, the shopping centre comprises circa 70 shops and restaurants across 26,000sqm, with tenants including H&M, Clas Ohlsson, Stadium and Jysk. It is widely recognised as the leading shopping centre in the area.
Chris Gardener, head of European Retail at CBRE said: ‘We have seen a continued level of interest in Swedish and moreover, Nordic retail transactions. The first three quarters of 2022 have seen the highest level of retail transactions in both Sweden and the Nordics for five years, and we expect this to continue as assets trade well above pre-pandemic levels.’
Global real estate advisor CBRE brokered the deal.
