Rodamco Sverige purchases Arninge Centrum

Rodamco Sverige purchases Arninge Centrum The Rodamco Sverige shopping centre company is acquiring the Arninge Centrum shopping centre - the Besmanet 7 and Besmanet 8 properties - in Täby Municipality outside Stockholm. The purchase price amounts to SEK 220 M. The seller is Wihlborgs. Rodamco Sverige takes over and assumes management of the Arninge Centrum as of April 2, 2001. Arninge Centrum has an annual rent value of slightly more than SEK 22 M. The total leasable space amounts to about 20,000 square meters distributed among 26 shops, including ICA Storhandel (M&M), H&M, Lindex and Hemtex. Combined with the B&W Stormarknad hypermarket, Arninge Centrum forms the strong commercial area of Arninge. The area contains at total of 35,000 square meters of commercial floor space, with annual sales of about SEK 1 billion. Today, Arninge Centrum accounts for 50% of these sales. "The acquisition of Arninge Centrum is fully in line with our strategy to expand and acquire additional shopping centres," says Lars Söderblom, President of Rodamco Sverige. "Retailing in the Stockholm region is developing favorably and the region has strong economic growth as well as a stable and high population trend. The purchasing power in the Arninge commercial is expected to increase strongly in the years ahead." Facts: Rodamco Sverige, a wholly owned subsidiary of Rodamco Europe, owns and operates 11 shopping centres in Sweden and one in Denmark. The largest shopping centres are Täby Centrum, Solna Centrum, Forum Nacka and Fisketorvet Shopping Centre in Copenhagen. Rodamco Sverige's business concept is to own, develop, and operate shopping centre properties in commercially attractive locations in the Nordic market. Rodamco Europe, one of the largest property companies in Europe, has its head office in Rotterdam and owns commercial properties in ten European countries valued at EUR 5.5 billion, of which 75 per cent are retail properties. Rodamco Europe is listed on the stock exchanges in Amsterdam, Frankfurt, Paris and Brussels. Stockholm, 28 March 2001 For further information please contact Lars Söderblom, +46 8 638 33 11. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/28/20010328BIT00720/bit0002.doc http://www.bit.se/bitonline/2001/03/28/20010328BIT00720/bit0002.pdf