GALLERIA BOULEVARD IS DIVESTED TO KRISTIANSTADSBYGGEN
Steen & Strøm has signed an agreement with AB Kristianstadsbyggen (ABK - a company fully owned by Kristianstad municipality) for the sale of Galleria Boulevard (Domus 2, excluding the part owned by Kristianstad municipality) in the city center of Kristianstad. The sale is in line with Steen & Strøm's strategy to optimize the shopping center portfolio by focusing on major cities in Scandinavia.
ABK has had a desire to revitalize the center of Kristianstad and submitted a proposal for Galleria Boulevard. This coincided with our strategy to focus on shopping centers in major Scandinavian cities,“ says Björn Tjaum, Head of Investments at Steen & Strøm.
We see a clear potential in the property. We are convinced that we as a local property owner together with the municipality have great opportunities to create something that really becomes an asset in a long-term perspective,“ says Christer Nilsson (M), Chairman of ABK.
Planned access to the property is 31 December 2023.