Savills Investment Management’s European logistics fund has expanded its portfolio with the acquisition of a distribution centre in Rosersberg near Stockholm, Sweden, in an off-market transaction.
The fund’s portfolio comprises a total of 28 logistics assets in six European countries, and is now fully invested again with a total volume of over €1 billion.
Completed at the beginning of 2022, the Grade A warehousing and distribution site covers 18,000 square metres and is located in one of Sweden’s key locations for “last mile” logistics operations.
Savills IM said the Rosersberg site benefits from excellent access to the E4 motorway, one of the busiest in the Swedish road network, as well as its direct proximity to Arlanda International Airport, which handles the largest freight volume in the Nordic region. Rosersberg also has a modern container terminal with direct access to the Ostkustbanan rail network (East Coast Railway), which runs south from Stockholm via Uppsala and Gävle to Sundsvall in northern Sweden.
The property is fully let to a logistics service provider active in the Nordic region. The tenant has made a long-term commitment to the location and has industry-leading sustainability credentials.
The modern distribution centre’s sustainability features include panels installed on its roof, as well as LED lighting controlled by motion detectors to minimise electricity consumption. It is supplied with district heating, and ventilation is adjusted automatically via air quality measurements. BREEAM In-Use certification is being sought.
Savills IM was advised on the transaction by PWC and DLA Piper, among others.
Daniel Hohenthanner MRICS, Director Investment at Savills IM, said: ”We are pleased to have secured the state-of-the-art and sustainable distribution centre for our flagship European logistics fund. This has allowed us to successfully reinvest the capital freed up after the sale in Moerdijk at the end of 2021 in a timely manner. The combination of the very good location, the diverse sustainability features of the property and the tenant, who is also strongly focused on sustainability, make the purchase a particularly attractive investment.”
