TM & Partners has assisted Vendus in their acquisition of four grocery retail properties for SEK 170 million

TM & Partners has assisted Vendus Sweden AB (publ) in connection with their acquisition and financing of four grocery retail properties with a combined underlying property value of approximately SEK 170 million. The properties are located in Vilhelmina, Munkedal, Älmhult and Ekerö.

The properties boast a rental income deriving almost entirely from grocery retail, with well-established grocery retailers such as Coop, Hemköp and ICA as main tenants. The acquisitions complement the larger portfolio transaction that Vendus completed earlier in June, when the company acquired properties from ICA Fastigheter and Trecore Fastigheter.

Following the combined acquisitions, Vendus’ total underlying property value amounts to approximately SEK 6.5 billion, with an economic occupancy rate of approximately 98 percent.

For more information on the transaction, please be referred to:
Fastighetsvärlden

TM & Partners’ team comprised:
Jens Haneklint (Partner, Real Estate)
Johan Aronsson (Senior Associate, Real Estate)
Matilda Andersson (Associate, Real Estate)
Edith Gunnarsson (Associate, Real Estate)
Selma Horgby (Associate, Real Estate)
Tobhias Brandell (Partner, Financing)
Mikaela Nordh (Senior Associate, Financing)
Sarah Joffs (Associate, Financing)

Vendus is a Swedish real estate company focused on grocery and retail properties. Their portfolio comprises properties with an underlying value of approximately SEK 6.5 billion.

TM & Partners is one of Sweden’s leading commercial law firms, specializing in transaction advice and financing as well as other qualified commercial law services.

For more information, please contact the partners responsible:
Jens Haneklint
Partner, Real Estate
e-mail: jens.haneklint@tmpartners.se
Tel: +46 76 00 283 04

Tobhias Brandell
Partner, Financing
e-mail: tobhias.brandell@tmpartners.se
Tel: +46 76 00 283 11