CBRE Investment Management (CBRE IM), on behalf of a European shopping center strategy, has sold two Swedish retail assets to real estate investment firm NIAM.
Port 73, a 35,000-square-meter (376,736-square-foot) hybrid shopping center and retail park in Haninge, southeast of Stockholm, and Gallerian Nian, a 22,000-square-meter (236,806-square-foot) urban shopping center in Gävle, a city 170 kilometers (106 miles) north of Stockholm, are included in the deal.
Port 73 has two supermarkets, a DIY and garden center, as well as entertainment, food-and-beverage and fashion space. Gallerian Nian is located in Gävle’s city center, and ranges over four floors, offering a cinema, fashion space, about 4,000 square meters (43,056 square feet) of offices, and 700 covered parking spaces.
Jenny Tuleby, CBRE IM’s head of transactions and investment operations for the Nordics said, “We are pleased to conclude this strategic sale on behalf of our clients. During our hold
