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Daniel Andersson (Head of Acquisitions Sweden) and Väsby Centrum. Credit: Niam

Niam acquires two mixed-use centers in Stockholm

Niam has acquired Väsby Centrum and Bålsta Centrum, both with strategic locations close to important commuter hubs in northern Stockholm, from Grosvenor Europe. The properties have a variety of necessity driven retail such as grocery, healthcare, and restaurants.

The properties have a combined lettable area of 52,000 sq m with ~1,000 parking spaces. Both municipalities have a significant expected population growth that will benefit the centers and its tenants.

Daniel Andersson, Head of Acquisitions Sweden, says, “These acquisitions complement our existing portfolio in an excellent way, and we see great development potential for them. We look forward to further strengthen their positions as the obvious local meeting places for residents, retail, socializing and various types of social service.”

Carl Strufve, Director Nordics, Grosvenor Europe says: “The sale of these assets is part of our investment strategy, having delivered properties that are in significantly better condition than when we acquired them, and with great development potential. We are happy that Niam shares our vision for Väsby- and Bålsta Centrum and we continue to look for other opportunities to invest in our existing portfolio and in the Stockholm region.”

Closing is estimated April 1, 2022. Niam’s commuter hub portfolio will then consist of more than 150,000 sq m lettable area.