GE Real Estate Nordic increased its Scandinavian property exposure with the purchase of a retail unit at Skiftinge retail park in Eskilstuna, Sweden for an undisclosed sum.

GE revealed this morning that the 117,327 sq ft unit, let to ICA Maxi, was purchased from Swedish company Fastighets AB Malarvaningar. The deal was announced this morning.

Lennart Sten, managing director of GE Real Estate Nordic said: ‘Since 2005 we have been one of Eskilstuna’s largest property owners and through today’s acquisition we are further strengthening our presence in this developing area.’

The deal is expected to complete before the end of the year.