Brief: Eurocommercial Properties acquires shopping center in Kristianstad

Eurocommercial Properties NV

28/10/2016 07:02

Oct 28 (Reuters) - Eurocommercial Properties NV  SIPFc.AS : 
    * Acquires shopping centre under construction in 
Kristianstad 
    * Company has also conditionally committed to acquire a 
20,500 square meter retail park on the site 
    * Net acquisition yield for shopping centre and hypermarket 
is 6 pct and will generate a total purchase cost of around SEK 
1.325 billion ($146.0 million) 
    * Net acquisition yield for the retail park will be 6.5 pct, 
if acquired, which will generate an additional cost of around 
SEK 350 million 
 
Source text for Eikon:  ID:nGNE3lTdpj  
Further company coverage:  SIPFc.AS  
 
($1 = 9.0726 Swedish crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))