Gernandt & Danielsson has advised Union Investment on the acquisition of the newly built Kållered Retail Park in Mölndal

Gernandt & Danielsson has advised Union Investment Real Estate GmbH on the acquisition of the newly built Kållered Retail Park in Mölndal, south of Gothenburg. The transaction was structured as a share purchase deal. The recently completed property comprises 19,400 sqm of lettable area, is fully let with tenants including Coop, Lidl, Systembolaget, Jysk, Hemtex and Dollarstore, and is located adjacent to IKEA’s store in Kållered. The purchase price amounts to approximately SEK 900 million. The acquisition was made for Union Investment’s open-ended real estate fund UniImmo: Deutschland. The seller was Ingka Centres, part of the Ingka Group.

Gernandt & Danielsson advised Union Investment on Swedish legal matters in the transaction with a team consisting of partner Magnus Lidman, senior associate Mikael Yemen, and associates Sofie Hallén, Johan Tivéus Kronlund, Viktor Rytter, Josefin Lindstedt and Elin Törnkvist.