Attractive investment property with four strong retail lessees in a well run and open centre.
Address
Marketenterivägen/Sambandsvägen, Växjö, Sweden
Location
The property is situated in Växjö, Sweden – a town with 70,000 inhabitants, serving a large geographic area with 1 million potential customers.
The property is situated in an attractive open centre area where it is possible to establish 35,000 sq.m. retail outlets.
Situated close to the centre of Växjö, the shopping centre is encircled by woods and has direct access to the main road 25 Storgatan leading to the town centre.
Size
Four buildings with a total area of 15,610 sq.m.
Description
Ejendommen indeholder en færdigt opført bygning, som er The property is an erected building let to K-Rauta subject to a ten-year lease.
According to Verdict's list of Europe's chains of DIY centres, K-Rauta is the largest DIY centre in the Nordic region.
K-Rauta is a company of the KESKO Group.
Three buildings are being built for Media Markt, Jula and KVIK. The buildings are subject to fairly long leases (10, 10 and 17 years respectively).
The last three retail outlets on the property will be ready for occupation from September 2007.
All retail outlets will be erected according to Swedish principles with bearing steel frames as well as lightweight fronts and roofing.
Year of Construction
2006-2007, one shop has been erected, and construction works are still going on.
Lessees
In the Investment Property::
K-Rauta (DIY centre)
Media Markt (electronics)
JULA (tools)
KVIK (kitchens)
In the Centre:
City Gross (groceries)
Cheapy (DIY centre)
Sten Bäck Mattor (floors and carpets)
Max Hamburger (restaurant)
Terms of Sale
Price: SEK 220,300,000
Net initial yield: 5.5%
Søren Engstrand Thomsen
Direct tel: +45 39 13 40 66
set@schaumanngroup.com
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