PARIS (dpa-AFX) - French commercial real estate company Unibail-Rodamco SE (UNBLF, UNRDY) announced that it has entered into agreement with TIAA Henderson Real Estate to sell Nova Lund Shopping Centre (Lund, Sweden) for SEK 1.635 billion or EUR 176 million. The transaction is expected to close in third quarter of 2015.
Unibail-Rodamco said that the total acquisition cost representing a net initial yield of 5.5% and an average value per m2 of SEK 63,155 or EUR 6,791.
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