Starwood Drops $589M On 7 Swedish Retail Centers

Law360, New York (November 19, 2013, 1:35 PM EST) -- With its second retail property acquisition this week, Starwood Capital Group said Tuesday it has acquired seven retail shopping centers in Sweden for about SEK 3.9 billion ($589 million) in a joint venture with Swedish-based Vencom Property Partners.

Starwood said it purchased the seven shopping centers, located in Sweden’s four largest cities — Stockholm, Gothenburg, Malmo and Uppsala — from Swedish company Kooperativa Forbundet. The properties cover approximately 205,000 square meters (2.2 million square feet), and the deal includes the rights for an additional 70,000 square...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.