Eurocommercial Properties acquires Valbo Köpcentrum

Wigge & Partners has advised Eurocommercial Properties on the acquisition of Valbo Köpcentrum outside Gävle at a price of SEK 1.14 billion.

The seller is partnership between European Shopping Centre Fund, a fund managed by CBRE Global Investors, and The Teacher Retirement System of Texas. Valbo Köpcentrum has a lettable area of approximately 37,200 sq.m. The shopping centre is let to 70 tenants and is anchored by a 6,775m² Coop hypermarket. Other major retailers include H&M, Systembolaget, Clas Ohlson, KappAhl, Lindex, Stadium and the main Varner Group brands.