Niam and Cavendo expands existing joint venture by acquiring two retail assets Port73 in Stockholm and Nian in Gävle
Cavendo expands its joint venture with Niam and acquires Port73 in Haninge south of Stockholm and Nian in Gävle from a fund managed by CBRE Investment Management.
The two assets are popular destinations with strong historic performance that dominate their respective submarket and offer a total of 57,000 sqm. of lettable area. Both properties have diversified tenant bases with market leading brands within grocery, retail, entertainment and F&B segments.
The properties will be further developed together with their existing tenants, as well as adding new brands to further strengthen their offer to the local community.
“We are proud to have the opportunity to continue to expand this joint venture with Niam. We are confident in the fundamentals behind these strong destinations and see a great opportunity to continue to refine them further,” says Joakim Karlsson, CEO, Cavendo.