Niam acquires retail park Solåsen Handel
Niam has acquired Solåsen Handel, a modern and well-functioning retail park located in an established micro location in Jönköping, Sweden. The retail park consists of three properties and ~36,000 sqm lettable area with 22 tenants, the largest being K-Rauta, Leos lekland, XXL, MediaMarkt and Rusta. Additionally, a new store for Dollarstore is currently being constructed. The seller is Genesta.
Victor Wettergren, Fund Manager, says: “We are happy to announce that we have acquired a well-functioning retail park with a strong tenant mix, in an attractive and well positioned area in the Jönköping region. Niam will continue to strengthen the retail park even further by, for example, various ESG initiatives.”
David Neil Genesta’s CEO, says: “We are very pleased with the process with Niam and we are happy to hand over Solåsen Handel to them. Their future plans for sustainable development will benefit both tenants and visitors.”
The acquisition of Solåsen Handel is the first acquisition in Sweden for the fund Niam Core-Plus III. Most of the capital derives from European pension funds and financial institutions, with a mix of both existing and new investors. The fund will acquire residential, office, logistics, public-use and retail investments in the four Nordic countries.
AG Advokat has been Niam’s legal advisor in the transaction.
For more information, please contact:
Victor Wettergren, Fund Manager
+46 8 5175 85 25, firstname.lastname@example.org
For more information about Niam, please contact:
Rikard Henriksson, Managing Partner
+46 8 5175 85 63, email@example.com