Real Advokatbyrå advised NREP with the acquisition of Vällingby centrum from Svenska Bostäder.
The properties included in the acquisition are had an agreed property value of SEK 1.68 billion and constitutes a total premises area of 76,206 sqm divided into six properties. Hence, the transaction is one of the largest sales of commercial properties in recent years. Eventually, NREP wants to investigate the possibilities of developing the properties and build more apartments.
NREP, founded in 2005, is a leading Nordic real estate investment firm focused on defensive value-add investment strategies in selected segments of the Nordic market. NREP has several times been ranked as the most consistently outperforming real estate investment manager worldwide. NREP manages in total 5.8 million square meters in Sweden, Finland, Denmark, Norway and Poland. Today NREP has just over 500 employees. Among the investors are some of the world’s largest pension funds, insurance companies and asset managers, who in their turn secure the future for millions of senior citizens and beneficiaries.
The firm’s team consisted primarily of Partner Mikael Laag, Counsel Julia Westling as well as Associates Simon Gille-Johnson, Dione Shabo, Amanda Nilsson and Robin Skoglund.
