Varma involved in acquisition of one of Sweden’s largest shopping centres
Varma is set to buy Skärholmen Centrum, one of the largest shopping centres in Sweden, together with Grosvenor. The investment will be managed by Grosvenor Fund Management.
Skärholmen Centrum is located in south-west Stockholm and has a total floor area of 98,000 square metres. Its growing catchment area has a population of more than 600,000. In addition to business premises and restaurants, the shopping centre houses public services, such as schools, a library and health care services. Skärholmen Centrum has more than 3,000 parking spaces, and it serves as the centre of the Skärholmen district, featuring amenities such as a metro station and market square.
Among major lessees of the shopping centre are the grocery retailer ICA, the national alcohol monopoly Systembolaget, H&M and department store chain Åhléns. The shopping centre has a total of 175 stores, visited by some 14 million people annually. In terms of the number of visitors Skärholmen Centrum ranks among the top four shopping centres in Sweden.
Skärholmen is a continuation of Varma’s earlier investments in Sweden. Together with AROS Bostad Varma has already made four housing investments in the Stockholm region, the latest of which is a 9,000-square-metre housing project in Uppsala.
“Most of Varma’s real estate investments are located in Finland. Our goal, however, is to continue the international diversification of our real estate portfolio, and the strongly growing Stockholm region perfectly meets this objective,” says Varma’s Ilkka Tomperi, Director, Real Estate Investments.
Grosvenor’s goal is to make Skärholmen the leading shopping centre in southern Stockholm by attracting more visitors and international stores. Skärholmen Centrum offers diverse opportunities for working, shopping, studying and relaxing.
For more information, please contact:
Ilkka Tomperi, Director, Real Estate Investments, tel. +358 50 379 1903
Varma Mutual Pension Insurance Company is the largest earnings-related pension insurer and private investor in Finland. The company is responsible for the statutory earnings-related pension cover of more than 860,000 people in the private sector. Premiums written totalled EUR 4.3 billion in 2013 and pension payments stood at EUR 4.8 billion. Varma’s investment portfolio amounted to EUR 39.9 billion at the end of September 2014.