Serena Properties AB

During the autumn 2015 Redito has together with the Finnish pension insurance company Varma and the Swedish listed private equity company Ratos formed Serena Properties, a real estate company focused on retail properties in the Nordics.

The company acquires a portfolio of 21 retail properties in Finland for a purchase price of approximately EUR 200m. The properties are located in established retail areas with tenants that are deemed attractive and largely comprise grocery and discount retailers. The total leasable area is 150,000 square meters.

Facts


Property segment:
Retail Properties

Investment region:
Finland

Number of municipalities:
14

Number of properties:
21

Lettable area:
150 000 kvm

Asset Value:
€200 mn

Investor/Owner:
Ratos AB (56 %), Varma (43 %) och Redito (1%)