Union Investment has sold the Sisjö Entré retail park in Gothenburg, Sweden. The property has been held in the portfolio of the DEFO-Immobilienfonds 1 special real estate fund since 2008. The buyer is Swedish real estate company Bygg-Göta. The purchase price was not disclosed.
According to Union Investment, the transaction was completed as part of a portfolio strategy review. The company cited improving investment conditions in the Swedish retail market as a factor supporting the decision to divest. Proceeds from the sale are expected to be reinvested during 2026, with a focus on grocery-anchored retail parks in markets including Sweden, Spain and the Netherlands.
The Sisjö Entré retail park is located approximately 10 kilometres south of Gothenburg’s city centre. The property comprises around 15,300 sq m of leasable area and is currently 98% occupied.
Union Investment was advised on the transaction by Gernandt & Danielsson, KPMG and Drees & Sommer. Panreal acted as broker and commercial advisor to the seller.