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Prisma Properties and Lidl Partner on Major Retail Development in Simrishamn

Story Highlights
  • Prisma Properties partners with Lidl to open a strategically located grocery store in Simrishamn by 2027.
  • The collaboration strengthens retail accessibility and sustainability in southern Sweden, supporting local and vacationing consumers.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Prisma Properties and Lidl Partner on Major Retail Development in Simrishamn

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Prisma Properties AB ( (SE:PRISMA) ) has shared an update.

Prisma Properties has announced a 10-year lease agreement with Lidl to establish a modern grocery store on the Hammaren 1 property in Simrishamn, strategically positioned near national highway 9. The project is expected to enhance accessibility for residents by incorporating electric vehicle fast chargers and additional motorhome parking as a nod to Simrishamn’s reputation as a vacation destination. Scheduled for completion by Q2 2027, this project marks Prisma’s growing presence in southern Sweden, with significant implications for regional affordability and retail development.

The most recent analyst rating on (SE:PRISMA) stock is a Buy with a SEK28.00 price target. To see the full list of analyst forecasts on Prisma Properties AB stock, see the SE:PRISMA Stock Forecast page.

More about Prisma Properties AB

Prisma Properties is a leading owner and developer of modern retail properties in the Nordic region, specializing in grocery and discount stores, as well as quick service restaurants. With a portfolio of approximately 140 properties across Sweden, Denmark, and Finland, the company focuses on sustainability, accessibility, and investments in next-generation retail centers, including fast-charging stations for electric vehicles. Prisma Properties is listed on Nasdaq Stockholm Mid Cap under the ticker code PRISMA.

Average Trading Volume: 71,909

Technical Sentiment Signal: Strong Buy

Current Market Cap: SEK4.23B

Find detailed analytics on PRISMA stock on TipRanks’ Stock Analysis page.

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