Nordika’s grocery backed platform Vendus acquires 51 retail properties for a total of SEK 2.7 billion
Vendus Sweden AB (publ) (“Vendus”) has agreed to acquire a total of 51 retail properties at an underlying property value of approximately SEK 2.7 billion. As part of the transaction, ICA Fastigheter and Bonnier Fastigheter will become new shareholders in Vendus alongside existing majority shareholder Nordika.
The transaction includes the acquisition of 35 retail properties from Trecore Fastigheter, owned by ICA Fastigheter and Bonnier Fastigheter, at a value of approximately SEK 1.7 billion. In addition, 16 retail properties will be acquired directly from ICA Fastigheter for SEK 1.0 billion. All properties are let to grocery retailer ICA under long-term lease agreements.
The acquisition significantly strengthens Vendus’ position as a Nordic leading player in the grocery and retail real estate segment and is a natural step in the company’s growth strategy.
The portfolio comprises well-established retail properties with strong tenants and stable cash flows, complementing Vendus’ existing portfolio both geographically and commercially.
Following the transactions, Vendus’ underlying property value will amount to approximately SEK 6.4 billion, with approximately 81 percent of rental income derived from grocery retail and an economi coccupancy rate of approximately 97 percent. Closing is expected on 1 July, andthe transaction is subject to approval under the Swedish FDI regime.
Vendus has since Nordika came in as a major shareholder, carried out multiple add on investments, amortized debt and strengthened corporate governance. During the 1,5 years hold period the initial value has increased from around SEK 2.3 bn up to almost SEK 7.0 bn including some additional investments in the pipeline due to close in Q3 2026.
About Vendus
Vendus Sweden AB (publ) is a Swedish real estatecompany that develops, manages and invests in retail properties with a focus onthe grocery segment. The company targets grocery retail properties with strong market positions, stable revenues and local engagement. Through in-house asset management and close collaboration with tenants, Vendus continuously develops efficient and modern retail destinations with a focus on sustainability, supporting stable operations, cost efficiency and long-term value creation.
