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Rockspring Buys Swedish Portfolio
Rockspring Property Investment Managers has acquired a portfolio of six retail properties in Sweden for €77 million on behalf of the Rockspring TransEuropean Property Limited Partnership V. The seller of the 45,000-square-metre portfolio was Redevco.
The assets are located in Borås, Lund, Malmö, Stockholm and Västerås. The portfolio includes a prime city centre department store in Malmö let to Swedish retail chain Ahlens and an external shopping centre anchored by ICA, a Swedish supermarket operator, as well as four retail parks.
The deal is Rockspring’s second in Sweden, following the acquisition for €34 million of a logistics warehouse in greater Stockholm.