The asset was acquired in cooperation with Rockspring Property Investment Managers in the spring of 2012 as part of a portfolio of six retail assets. The asset, which consists of approx. 6.500 sqm, is situated in the prime retail part of central Malmö at Södergatan, and is locally known as “Åhlénsvaruhuset”.

The asset was divested to Cornerstone Pan European Core Fund in January 2016.
During the lifetime of the investment Vencom created a plan for further expansion of the building by adding additional floors.