Aviva Investors has completed an investment to acquire a brand-new warehouse and production facility in the Helsingborg area of Sweden.
The investment represents the first transaction by Aviva Investors in the Swedish market, as it continues to build out its European real estate strategy.
Built in 2022, the property sits in the Bjuv municipality of Helsingborg East and has a total lettable area of c. 27,500m2 spread across a warehouse and production floor. The facility is fully let to an international distributor in the fresh food industry.
In addition to using cooling systems and heating recycling, the property has a photovoltaic plant installed on the roof, which is expected to meet the majority of electricity needs. It has been awarded with a Silver certification under the Miljobyggnad scheme, a Swedish system for environmental certification of buildings developed by the Sweden Green Building Council, and has achieved an EPC-A rating.
George Fraser-Harding, Head of Pan-European Funds, Real Estate, at Aviva Investors, said: “Logistics remains a core sector in our real estate strategy and one where we continue to find value. With low vacancy rates and high-quality assets in a geographically important location, the Nordics can offer exciting investment opportunities in a really dynamic market. Helsingborg is quickly being recognised as an emerging cluster for food transport and is consistently ranked as one of the top logistics locations in Sweden. We think these factors can provide the potential to deliver long-term investment outcomes in client portfolios.”
Aviva Investors was advised by NCAP, Gernandt & Danielsson and PwC.
Image source - Pexels.
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