Savills has advised publicly listed SPV company, Logistea AB, on the sale of a logistics asset near Malmö, Sweden, to subsidiaries of real estate funds managed by Blackstone for SEK 841m (c.€81.3m). The transaction is expected to close before the end of the year.
The building, Landskrona Örja 1:20, has a total gross area of 45,086 sq m, including c.15,800 sq m of office space. It was developed by the tenant, DSV, in 2012 and has a WAULT of 11.5 years.
Niklas Zuckerman, Head of Investment, Savills Sweden, says: “Appetite for Swedish logistics among Swedish and international buyers remains at an all-time high. SEK 15bn (€1.4bn) was invested in this asset class between January and September 2020, making it the fourth largest sector by volume with a market share of 11%. Given the strong fundamentals, we expect a number of further logistics transactions to complete in the next few months.”