Swedish developer Granen, advised by Savills, has sold the Pentagonen 1 shopping centre to Norwegian property fund DnB NOR Eiendomsfond I for EUR 40 mln. Construction work began this summer and when completed in September 2008, the shopping centre in the retail area Kungens Kurva, south of Stockholm, will comprise 11,000 m[sup]2[/sup] of retail space out of a total of 25,000 m[sup]2[/sup]. The mall will have three floors of retail premises with indoor garages on every floor as well as in the basement. Approximately two thirds of the area is already let to tenants including several well-known brands.
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