Savills Investment Management has acquired a logistics facility in Gothenburg for €35.2 million (c. £27.7m) from Sörred Logistikpark – the joint venture from Catena and Platzer.
The newly constructed facility comprises almost 15,000m² (c. 49,000ft²) of space, which is fully leased to a Swedish multinational car manufacturer on a 10 year lease.
The property is less than 2km from the Port of Gothenburg – where 30% of Swedish foreign trade passes through – and provides direct access to motorways and routes linking to Stockholm as well as Gothenburg.
Additionally, the asset is targeting a BREEAM New Construction ‘Excellent’ certification, and includes PV panels, EV charging points and district heating, in addition to green lease terms with the tenant.
The acquisition is the first in Sweden for EULIF, which currently manages assets across Germany, France and Spain, in addition to Sweden.
The fund is a Core+ open-ended structure and was launched in January 2023 with a strategic focus on urban logistics and light industrial properties in supply-constrained European logistics markets.
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Head of investment for the Nordics at Savills IM, Lisen Heijbel, said: “We have an established track record in the Nordics, with our large on-the-ground team having been active in the region since 2007, delivering positive income and total returns for our investors in that period.
“We’re seeing increasing investor interest in the Nordic logistics market, driven by strong fundamentals and growing demand. Yields have started to compress, which underscores the sector’s attractiveness and long-term potential.”
