EPISO 4, an opportunistic fund advised by pan-European real estate investment manager Tristan Capital Partners, has sold four grocery-anchored, local shopping centres in the Greater Stockholm region to the Nordic institutional investor NREP for an undisclosed price.
Gyongyver Giday, Director at Tristan Capital Partners, said: “Since we bought the portfolio around three years ago we have disposed of two assets that were not strategically located and focussed on stabilising the remaining four assets located in Greater Stockholm. We have successfully executed on our business plans, securing longer leases with the grocery and other anchor tenants, upgraded their units at Näsbypark and Viksjö to improve performance and have made significant advancements in obtaining residential zoning for new units in Ekerö.” – Advising EPISO 4 on the transaction were Linklaters and Amblin.
