Savills Investment Management has entered the Swedish market with the €35.2m acquisition of a newly built logistics facility in Gothenburg, marking the first Scandinavian investment for its European Urban Logistics & Industrial Fund (EULIF).
The 15,000?m² Grade A asset, fully leased to a leading Swedish car manufacturer on a 10-year lease, is strategically located less than 2km from the Port of Gothenburg. With direct access to key arterial routes connecting Gothenburg and Stockholm, the facility is positioned at the heart of Sweden’s logistics network. The building is targeting a BREEAM New Construction ‘Excellent’ certification and features PV panels, EV charging infrastructure and green lease agreements, aligning with investor demand for ESG-forward logistics.
The seller, Sörred Logistikpark, a joint venture between Catena and Platzer, completed construction recently as part of the area’s growing appeal among industrial occupiers. For investors and developers, the Gothenburg location offers notable barriers to entry, particularly land scarcity near the port, driving long-term rental growth and resilience in tenant demand.
“The fund’s acquisition strategy focuses on core European markets benefitting from the most favourable supply-demand dynamics and strong rental growth potential,” said Evert Castelein, Head of Logistics & Industrial Europe at Savills IM. “We believe the asset is an excellent addition to the fund’s diverse and defensive portfolio.”
The deal lifts Savills IM’s managed logistics assets across Europe to over €6.5bn, with active mandates in 11 countries. EULIF, launched in January 2023, has built a presence in Germany, France, and Spain and is now tapping into the Nordics’ maturing logistics scene.
“We’re seeing increasing investor interest in the Nordic logistics market, driven by strong fundamentals and growing demand,” added Lisen Heijbel, Head of Investment, Nordics. “Yields have started to compress, which underscores the sector’s attractiveness and long-term potential.”
Advisers on the transaction included DLA Piper, WSP, PwC and Savills.
People mentioned
Evert Castelein, Head of Logistics & Industrial Europe, Savills Investment Management
Lisen Heijbel, Head of Investment, Nordics, Savills Investment Management
Companies mentioned
Savills Investment Management – Buyer, real estate investment manager
Sörred Logistikpark – Seller (JV between Catena and Platzer)
Catena, Platzer – JV partners in the development
DLA Piper, WSP, PwC, Savills – Advisers on the deal
Image courtesy of Mikael Svenson at Couloir
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