Regio acquires Baronen Retail Centre in Kalmar
STOCKHOLM, 7 APRIL 2016
Sveafastigheter’s and the Third National Swedish Pension Fund’s (”AP3”) common property company Fastighets AB Regio (”Regio”) has acquired Baronen Retail Centre in Kalmar from CBRE Global Investors. Handover was completed on 6 April 2016. Thus, Regio has completed acquisitions for a property value totalling SEK 2.7 billion since September 2015.
The property is approximately 21,000 sqm, comprising retail, offices, restaurants, a cinema and a hotel. Baronen Retail Centre is centrally located by the Guest Harbour, close to the Travel Centre, Linnaeus University and Kalmar Castle.
Baronen Retail Centre is Regio’s first investment in Kalmar. Sveafastigheter has, however, been active in the city for more than ten years, developing the Police Headquarters and part of the Hansa City Retail District together with the local partner P&E Fastighetspartner.
Eric Bergström, Sveafastigheter:
”Baronen Retail Centre is an excellent addition to Regio’s growing investments in retail and office properties. Kalmar is a strategically important regional city. We look forward to continuously contribute to the development of the city, by modernising Baronen in pace with the development of the Linnaeus University.”
For further information, please contact:
+46 8 545 075 05
Fastighets AB Regio is a co-owned property company started by the Third National Swedish Pension Fund (”AP3”) www.ap3.se and Sveafastigheter www.sveafastigheter.se in 2015. The objective is to create a property portfolio with high and stable returns through active and local asset management. Focus is on office- and retail properties in regional cities and outside the larger cities in Sweden. Sveafastigheter manages the company for which AP3 is majority owner.