Invesco Real Estate, the global real estate investment manager, today announces that it has sold a trio of logistics assets in Sweden to Bråviken Logistik AB, a new company set up by Pareto Securities.
The ca. 140,000 m² portfolio, located in Nyköping, Norrköping and Jönköping, are key logistics hubs for the Swedish market, and were acquired for a pan-European strategy managed by Invesco Real Estate. The properties are fully let to Nyköping Municipality, Stadium and Aditro Logistics, respectively.
Rob Johnston, Senior Director – Transactions, UK and Nordics at Invesco Real Estate commented: “We are delighted with the sale of our trio of logistics assets to Bråviken Logistik, which has been managed through our on-the-ground partner in Sweden, Scius Partners. The assets are modern distribution units and through active management, we are pleased to have acheived our business plans and achieve a good return to our investors. Invesco Real Estate continues to maintain a positive view of the Swedish property market and we will be seeking further opportunities for our clients in this region over the course of 2017."
Stefan Gattberg, Head of Corporate Finance at Pareto Securities AB commented: “We are very happy to have completed the transaction with these high quality assets and well known tenants on long leases. The assets are modern and meets our criteria regarding quality and strong cash flows.”
CBRE and Linklaters acted as advisers to Invesco Real Estate.
