DLA Piper has advised the property fund manager, Savills Investment Management, on the establishment of its new fund Nordic Fund III – Retail, and the fund's subsequent acquisition of four retail parks in Haparanda, Borlänge, Uppsala and Uddevalla in Sweden from IKEA Centres.

DLA Piper advised on the Swedish, German and English law in relation to the acquisition of the retail parks, as well as the financing of the acquisition.

The Swedish DLA Piper team based in Stockholm consisted of Corporate partner Anders Malmström and Finance and Projects partner Marianne Ramel, assisted by Finance senior associate Joséphine Tessmar. They were supported by a DLA Piper German Finance and Projects team, comprising of Frankfurt-based partner Frank Schwem and counsel Sven Seibold.