The CapMan Nordic Real Estate III fund (CMNRE III) has signed an agreement with Mitsubishi Logisnext Europe AB to acquire a brownfield logistic development project situated in the Gothenburg region which is the highest-ranked logistics hub in the Nordics. The plan is to demolish the current outdated industrial buildings and, in their place, construct an EU taxonomy-aligned modern logistics facility. This new facility will provide high-quality logistics spaces suitable for multiple tenants, thereby bolstering CapMan Real Estate's footprint in the Swedish logistics market.
The project is situated in Molnlycke along highway 40 outside central Gothenburg, a city which houses the largest port in the Nordics and is central to the "Logistic Triangle" connecting the Nordic capitals. As a result, the demand for logistics space in the area is typically very high coupled with low vacancy rates.
The project site holds two outdated buildings which CapMan Real Estate plans to demolish and replace with an EU Taxonomy-aligned logistics facility of approx. 43,000m2. The new facility will allow for up to six different units and is planned to welcome new tenants by summer 2026. The development project targets BREEAM-SE v.6 New construction certification at least on level Excellent as well as energy performance certificate rating B. The construction site will target a minimum 90% waste recycling rate aiming to reuse as much as possible within the new development.
“We’re very happy to acquire this project in such an excellent logistic location outside central Gothenburg, increasing our presence in the Swedish logistics segment. We look forward to developing a sustainable, top-of-the-art logistic facility and attracting tenants who value the unique opportunity to lease space in this location," commented Marcus Lotzman, Head of Transactions at CapMan Real Estate Sweden.
The acquisition is expected to close during Q1 2025. Mannheimer Swartling acted as legal advisors for CapMan Real Estate in this transaction.
Image source - Pexels.
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