Ashurst advised Deutsche Pfandbriefbank AG in connection with the financing of the acquisition of one of Sweden's leading shopping centres, Skärholmen Centrum, by funds advised by Grosvenor Fund Management.

Situated in one of Sweden's growing regions, Skärholmen Centrum is ranked in the top four shopping centres in the country by footfall, with 14 million visitors a year. The transaction is one of the biggest commercial real estate transactions in Sweden recently.

The Ashurst team was led by Stockholm-based banking partner Eric Halvarsson, assisted by senior associate Camilla Holmkvist and associates Georg Jonsson and Magnus Sundin.