CA Fastigheter acquires Lidingö Centrum indirectly via a company. The acquisition is made from Grosvenor, a global privately owned organization, at a property value of SEK 811 million (EUR 71 million) before deduction of deferred tax. The purchase price amounts to SEK 786 million (EUR 68 million), financed via equity and traditional bank financing. The center contains a total lettable area of ​​just over 20,000 square meters with a rental value of approximately SEK 78.5 million (EUR 6.8 million) per year. Access will take place at the end of February. The acquisition is conditional on approval from the Inspectorate for Strategic Products (ISP).

 

Lidingö Centrum is a well-established local center on Lidingö that consists of the properties Lidingö Oden 20 and Lidingö Oden 21 and has so far been managed by Areim on behalf of Grosvenor. The retail space currently has nearly 50 tenants in primarily retail, restaurants and public services, with Coop and Systembolaget being the largest tenants. The center is strategically located on Lidingö and has around 3.1 million visitors per year.

“We believe in Lidingö, which is a strong market in direct proximity to Stockholm. We know that the people of Lidingö are loyal to both their island and their center, and our ambition is to make the place even more attractive for both the people of Lidingö and all other visitors,” says Charlotte Claesson Ripoll, Regional Manager in Stockholm at CA Fastigheter.

“For CA Fastigheter, it is important to be local and know your market. We already own the Gasverket area in Norra Djurgårdsstaden, which is now being developed from an industrial area into a vibrant city district. The step was therefore a short one over the bridge to Lidingö Centrum, and we also see possible synergies between an established retail operation and a city district under development.”

 

CA Fastigheter owns properties with a lettable area of​​around 650,000 sq m spread across six regions in Sweden and has its headquarters in Kalmar. The acquisition of Lidingö Centrum strengthens the presence in Stockholm, which today includes Veddesta Handelsplats in Järfälla in addition to Gasverket.

"We are a curious and long-term real estate company that invests where we see potential. Now we were given the chance to grow in this part of the Stockholm region and we took it," says Malin Claesson Stenström, CEO of CA Fastigheter.