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TIAA Henderson Real Estate sells retail park in Sweden to NIAM

Ingelsta Markn

TIAA Henderson Real Estate (TH Real Estate) has sold the Swedish retail park Ingelsta Markn, on behalf of its German joint venture – Warburg-Henderson. The park has been acquired by Niam for c.€30m.

The asset, formally held in the Warburg - Henderson Pan-Europa Fonds Nr. 1, was sold as part of the Fund’s scheduled divestment.

The Ingelsta Markn retail park is situated in the Swedish town of Norrköping, about 180km south of Stockholm. Spread over two adjoining plots, it has a GLA of c. 20,000 sq m. Tenants include the Swedish furniture and home interior accessories chain MIO, the electronics store MediaMarkt, the sporting goods store XXL Sports and toy chain Toys "R" Us.

TH Real Estate was advised by Newsec and Cederqvist.

 

Disclaimer
Issued by Henderson Real Estate Asset Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services. The value of investments and any income will fluctuate (this may be partly be the result of exchange rate fluctuation) and investors may not get back the full amount invested. Where opinions have been expressed, they are based on current market conditions and are subject to change without notice
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