Sveafastigheter acquires part of Hansa City Kalmar
Sveafastigheter Fund III AB (”Sveafastigheter”) acquires part of Hansa City in Kalmar, with a lettable area of 27,000 sqm, in cooperation with P&E Fastighetspartner AB. The acquisition is financed by Helaba.
Sveafastigheter now acquires two big-box retail properties in a very attractive location in Hansa City, Kalmar. The properties were developed by Sveafastigheter Fund I, and divested in 2008/2009.
Tenants in the relevant part of the retail park are Bauhaus, Plantagen, El-Giganten, Rusta, Sova, Jysk, Cervera, Hemtex and Mairo.
– We see this as an opportunity to purchase a stable and well established retail asset, that we thoroughly know, in an excellent retail location, says Simon de Château, CEO of Sveafastigheter. Hansa City has had an outstanding development since its establishment and we believe it is one of the best retail locations in southern Sweden.
Kilpatrick Townsend, PwC and WSP have advised Sveafastigheter in the transaction. The seller’s advisor was Catella. The external financing has been provided by the German bank Helaba.
For comments and further information, please contact:
Simon de Château, Sveafastigheter, CEO, phone: +46 8 545 75 01, simon.de.chateau@sveafastigheter.se
Michael Kröger, Helaba, Head of International Real Estate Finance, phone: +49 69 9132 4482, michael.kroeger@helaba.de
About Sveafastigheter
Sveafastigheter is a leading Nordic property fund manager. The company was founded in 2003 and currently manages assets in Sweden, Finland, Denmark and Estonia worth in total EUR 1.1 billion. Its latest fund, Sveafastigheter Fund III, has EUR 317 million of equity commitments.
Sveafastigheter is headquartered in Stockholm with offices in Helsinki and Malmö.
About P&E Fastighetspartner
P&E Fastighetspartner AB is one of Sveafastigheter’s local asset management partners (LAMP). The company was founded in 1992 and total asset management commissions in Sweden correspond to approximately 800,000 sqm.
P&E Fastighetspartner AB has offices in Kalmar, Stockholm and Eskilstuna.
About Helaba
For German bank Helaba real estate business is a highlighted feature. Focused on commercial properties in Germany, Europe and the US, the bank started business in Northern Europe in 2006. Since then, Helaba has provided financings mainly in Sweden and Finland for office, retail and logistics properties for local and also international investors.
Helaba is headquartered in Frankfurt and Erfurt, Germany, and at important financial centers worldwide.