Henderson Global Investors is acquiring the Tuna Park shopping centre in Sweden on behalf of its German business Warburg-Henderson for SEK 558 mln (EUR 61 mln). The asset is being contributed to Warburg - Henderson European Core Property Fund No. 1.
Henderson Global Investors is acquiring the Tuna Park shopping centre in Sweden on behalf of its German business Warburg-Henderson for SEK 558 mln (EUR 61 mln). The asset is being contributed to Warburg - Henderson European Core Property Fund No. 1.
The vendor is pension fund Alecta Pensionsförsäkring Ömsesidigt.
Opened in 2005, the 16,400 m2 Tuna Park Shopping Centre is the dominant centre within Eskilstuna and forms part of the larger Tuna Park retail area. The park also includes a hypermarket, pharmacy and several other big box retailers.
Eskilstuna is located in the Malarden region of Sweden. The shopping centre comprises 55 stores and is dominated by the leading Nordic retailers including H&M, Kappahl, Lindex and InterSport.
Henderson said the opportunities for the centre include further strengthening the tenant mix and the development of a 7,600 m2 expansion.
Mike Sales, managing director and CIO of Henderson Global Property commented: 'As a company we are increasingly watching the Nordics with interest. In particular, we view Sweden as a country with one of the strongest economies in Europe and forecast strong growth within its retail sector.'
Cushman & Wakefield and Mont Fort Property Group acted for Henderson while Catella acted on behalf of the vendor.