ABG Fastena acquires three newly built grocery store properties from NREP. The largest property is located in Tumba, south of Stockholm, and the other two are located in Trelleborg and Motala. The properties are fully let with a WAULT of 11 years where the Swedish grocery chain Coop is the main tenant. Property value is  approximately SEK 345 million with a lettable area of c. 14,300 sq.m.

“We are very pleased to acquire these properties, all located in exceptionally strong micro-locations.”, says Andreas Birgersson, CEO of ABG Fastena. “We are now looking forward to taking care of the properties, as well as the tenants, in the best possible way.”

“It is very inspiring to be able to offer this investment opportunity to our investors. There is great demand from our investors and we look forward to offering additional high quality investment opportunities in 2021.”, says Per Nisses, Head of Investor Relations at ABG Fastena.

“The underlying business of the main tenant’s operations continues to prove to be a non-cyclical industry, generating long-term predictable cash flows. We are proud of the acquisition as these newly built properties tick many of the boxes related to our ambitious sustainability work.”, says Philip Söderqvist, Head of Investments at ABG Fastena.