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€360 mln goes to Steen & Strøm. Here is Why



Steen & Strøm is a Scandinavian retail and real estate company that owns and operates 52 shopping centers in Norway, Sweden and Denmark.

The Steen & Strøm has agreed to let go of five shopping centers located in Sweden – Etage (Trollhättan, 16,604 m²), Familia (Hyllinge, 15,769 m²), Mirum (Norrköping, 39,122 m²), Sollentuna Centrum (Stockholm, 35,713 m²) and MittiCity (Karlstad 16,010 m²) for the compensation of €360 mlm making it the third largest property transaction in Sweden in 2014 year to date.

The buyer appears to be a subset of Olav Thon Eiendomsselskap ASA, a part of the Olav Thon Group, the Norway’s leadingreal estateholder. This transaction will help Steen & Strøm will improve the economical state of the company, helping it expand its business in Denmark, Norway and Sweden. There are no terms or conditions involved in this real estate sale and it is expected to be finalized in the first days of July.




More about shopping malls in Sweden



Feb 13, 2018, Sweden:
The company began renting out furniture and buying its own products, second-hand.
Feb 9, 2018, United Kingdom:
Plans are in place to enhance the entrance experience, car park, internal furniture, shop fronts, signage and wayfinding.
Feb 8, 2018, Canada:
Plans are underway to redevelop the shopping mall into the mixed-use community spanning 28-acres.
Feb 5, 2018, United Kingdom:
Cheshire Oaks Designer Outlet announces the start of construction on a new phase.
Feb 1, 2018, Germany:
Spaces at new F&B area at MyZeil Frankfurt successfully leased to exciting food concepts.
Feb 1, 2018, France:
CEO of the popular brand of clothing and equipment for surfers and snowboarders Pierre Agnes is missing in the sea off French coast.
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