LUND, Sweden—TIAA Henderson Real Estate has inked a deal to acquisition of Nova Lund Shopping Centre here from Unibail Rodamco, for $190 million (€175m). The property will be acquired on behalf of TIAA-CREF and represents its first acquisition in the Nordic region.
The center comprises a 19,847 sq m shopping property, a 6,137 sq m adjacent complementary retail park and c. 1500 parking spaces.
Constructed in 2002, Nova Lund Shopping Centre is one of Sweden's best-performing regional shopping centers with an outstanding track record and a highly attractive retail mix. Located in Lund, in the south of Sweden, it is anchored by a strong mix of fashion retailers including H&M, Stadium, KappAhl, Intersport & Lindex.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
