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December 2014.

Thon Group to invest in Haparanda project?

Olav Thon Group is interested in the Swedish-Finnish border trade project Barents Center.

”Our development team is investigating the conditions,” confirms Swedish Country manager Hallgeir Åndal.

Norrbottenskuriren writes that the retail trade and hotel project Barents Center at the very north end of the Baltic sea might get a new investor. Hallgeir Åndal tells the paper he believes Haparanda is an interesting hub.

The plans for an investment are not too far ahead yet, but a decision may come within half a year.

– There is much in Haparanda vicinity, notes HallgeirÅndal which is Sweden Manager of the Olav Thon Group.

”We believe Haparanda may be a hub.”

Plans for an investment in the Barents city center, yet not too far advanced. Nevertheless, a decision may come within half a year. The Norwegian border shopping specialist has not been interested in shopping towards Finland before. But since last summer the strategy is to grow in whole Sweden.

”We look at the whole of Sweden and is mainly focused on medium and large projects. We have no geographical limitations. We are more interested in whether the projects are viable and strong in their area,” says Hallgeir Åndal to the paper.

He thinks Ikea’s establishment in Haparanda is positive even considering a possible investment by Olav Thon group in the border city. Barents Center will literally be built over the border to Finland and further connect Haparanda with Tornio.

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Ansvarig utgivare: Björn Nylund bjorn.nylund@scandinavianretail.se ScandinavianRetail.com ges ut av Scandinavian retail newsservice AB, org. nr 556935-9945 | All contacts: contacts@scandinavianretail.se Please allow 24 hrs to respond. | Tel: +46 (0) 760 541 850 (Sweden) | +47 988 29 274 (Norway) | +358 41 36 20 542 (Finland) | +45 266 49 316 (Denmark) |