Finnish Keva to take over two city malls from Atrium Ljungberg

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Now, Atrium Ljungberg has sold Rotebro Handel in Sollentuna and Orminge Centre in Nacka to British Revcap and a local partner.

But the malls Kvarteret Igor in Västerås and Mittpunkten in Östersund has got a new buyer on the road, Finnish Keva and HEA Properties.

The transactions are related to the sale of the four commercial properties Atrium Ljungberg announced in July and in September. British Revcap together with Magnus Löfgren (AMPLA Capital) and local partners – did not manage the funding, writes Fastighetssverige.

Instead, the Finnish pension institution Keva together with a local partner, HEA properties, stepped in and took over the city centre malls in Västerås and Östersund.

The total purchase price is based on an underlying property value of around 1 280 million SEK before deductions for deferred tax.
The transaction provides Atrium Ljungberg a profit after tax of approximately 80 million SEK in the Group and will be recognized in the financial statements for the fourth quarter of 2015th.

The four commercial properties comprise a total of 63 300 square meters of rentable area with hundreds of stores and restaurants.