NREP picks up major Stockholm mall for EUR161 million
Nordic real estate investor NREP has announced the acquisition of Vällingby Centrum in Stockholm, Sweden from Svenska Bostäder, the City of Stockholm's municipal housing company, for €161 mln. Vällingby Centrum forms the heart and hub of the western part of The City of Stockholm, and was inaugurated in 1954 as Sweden’s first ABC city – “Arbete – Bostad – Centrum”, meaning "Work – Living – City Centre”. The ABC model is a community-based planning programme that was founded in Sweden...