Rockspring and Vencom acquire retail real estate assets (SE)
Friday 4 May 2012
Rockspring Property Investment Managers has acquired a portfolio of retail properties in Sweden from Redevco, with Vencom Property Partners as the local operating partner. The portfolio consists of six assets situated in Stockholm, Malmö, Lund, Borås and Västaerås, with a total area of approx. 45,000 m².
Vencom is a co-investor in the investment and has acted as the coordinator and lead advisor during the acquisition process. The acquisition is the second investment made within the framework of the cooperation started between Vencom and Rockspring in 2011.
“We are pleased to take our cooperation with Rockspring to the next stage through the acquisition of this retail real estate portfolio, where we see a clear development potential,” says Johan A. Gustafsson, Chairman of Vencom.
Jones Lang LaSalle, DLA Nordic and PwC acted as advisors in the transaction.