Cornerstone Real Estate Advisers has sold four shopping centers from its fund Nordic Retail Fund (NRF) to an international joint venture, led by Valad.

The four shopping centers are Magasinet in Örnsköldsvik, Kulan in Karlskoga, Kvarnen in Mjölby and Axet in Nyköping. The properties have a total of 45 000 square meters of leasable area.

The parties have agreed that the purchase price is confidential.

Cornerstone Real Estate Advisers was advised by Mannheimer Swartling in the transaction. The responsible partner was Klas Wennström, primarily assisted by Olle Källström, Erik Sundqvist and Hannah Ström. Adam Erdling assisted regarding financing matters.