case / 06 Oct 2021

Setterwalls has assisted the First Swedish National Pension Fund in the divestment of shares in Secore Fastigheter

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First Swedish National Pension Fund (AP1) has entered into an agreement with ICA Fastigheter to divest 50 percent of the shares in the jointly owned property company Secore Fastigheter AB (Secore). The property value in Secore amounts to SEK 3 billion and the purchase price for the shares amounts to SEK 738 million. Secore owns 40 retail properties with a lettable area of approx. 116,500 sq.m. The annual rental income amounts to approx. SEK 183 million.

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