StepStone Real Estate, NREP recap Danish retail portfolio
StepStone Real Estate said Jan. 31 that it recapped a portfolio of seven community shopping centers in partnership with NREP. The value of the transaction was 1.4 billion DKK ($234.3 million). Nykredit provided debt financing. The properties, located in greater Copenhagen and Aarhus, are moderate-size grocery-anchored shopping centers that include other necessity-retailers such as pharmacies and medical offices, as well as experiential based retailers such as fitness centers, and food and beverage outlets.
31 January 2018•3 mins read
