March 5, 2015 / 6:36 PM / in 4 years

BRIEF-Unibail-Rodamco sells Nova Lund to Tiaa Henderson Real Estate for 176 mln euros

March 5 (Reuters) - Unibail-rodamco

* Unibail-Rodamco announces the disposal of Nova Lund to Tiaa Henderson Real Estate

* Today entered into an agreement with Tiaa Henderson Real Estate to sell Nova Lund shopping centre (Lund, sweden) for a total acquisition cost of sek 1,635 mn (176 mln euros)

* Total acquisition cost representing a net initial yield of 5.5 pct and an average value per m2 of sek 63,155 (6,791)

* Transaction is subject to standard conditions precedent and is expected to close in Q3 2015 Source text for Eikon: Further company coverage:

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