BentallGreenOak has entered the Swedish real estate market by acquiring a 19,600 sqm logistics asset located in Malmö from funds managed by Genesta Property Nordic.
The acquisition follows BentallGreenOak’s entry into the Nordics in 2020, with a NOK 1.5 billion / EUR 140 million investment in Bulk Infrastructure.
“We consider the Nordic region to be an attractive place to invest, based on its strong economic fundamentals and highly liquid real estate markets. We will continue to work to identify high quality properties in major cities and logistics nodes across Denmark, Finland, Norway and Sweden and hope to further establish our position in these markets,” said Toby Phelps, Managing Partner and Head of European Equity at BentallGreenOak.
The property is strategically located in Malmö Industrial Park, the new logistics centre of the Öresund region, close to railway, harbour and highways, as well as Malmö city. It was completed in 2018, and is built to high, modern specifications to satisfy most tenant requirements, including almost 12 meters ceiling height and BREEAM Very Good certification. It is mostly leased to two well-regarded Swedish tenants, with approx. 5,400 sqm available for leasing.