A Consortium led by Grosvenor Fund Management (GFM) comprising GFM, Bouwinvest REIM, on behalf of bpfBOUW, the Dutch pension fund for the construction workers industry, and a major North American institutional investor, has agreed to acquire Burlöv shopping centre near Malmö, from Eurocommercial Properties N.V.
The 42,000m² shopping centre has a strong tenant base with more than 70 retailers such as Coop Forum, Stadium, Systembolaget and Clas Ohlson.
Located in one of the strongest growing regions in Sweden, the new acquisition complements the three Stockholm region shopping centres that GFM acquired from Unibail Rodamco on behalf of the Consortium in 2011, and confirms the Consortium’s long term commitment to the Swedish property market.
The acquisition will be completed in November and means that the Consortium’s portfolio now comprises seven retail assets across France and Sweden.
Jones Lang LaSalle, Cederquist, KPMG and Sweco advised GFM on the acquisition.
For more information contact:
Naomi Curtis/Sorrel Basher, Press Office
020 7312 6479/6101
Notes to Editors
Grosvenor launched its first fund in 1976 and formally established Grosvenor Fund Management (GFM) in 2005. GFM offers a range of sector and regional specialist property investment funds which aim to deliver attractive, risk adjusted returns. Operating from offices in China, France, Italy, Japan, Luxembourg, Spain, the UK and the USA we employ professionals with local knowledge and skills to execute our investment decisions. Aligning our interests with our partners and building longterm investor relationships is of paramount importance to us. As at 31 December 2011, Funds under Management were £5.0bn with 69 investor partners in 28 funds and separate account mandates. For further details, please see our Annual Report & Accounts available at www.grosvenor.com