- The property adds 19,600 sqm of prime located logistics to BentallGreenOak’s growing European logistics portfolio
- Acquisition follows BentallGreenOak’s entry into the Nordics in 2020, with a NOK 1.5 billion / EUR 140 million investment in Bulk Infrastructure
- BentallGreenOak is a leading European logistics investor, having acquired or developed approximately 150 logistics assets comprising more than 5 million square meters since 2015
London, 22nd March 2021: BentallGreenOak (“BGO”), a leading global real estate investment management advisor and provider of real estate services in Europe, announced the acquisition of a 19,600 sqm logistics asset located in Malmö, Sweden, as part of its continued growth in the European logistics sector. The asset was acquired from funds managed by Genesta Property Nordic.
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.
The acquisition forms part of BGO’s continued expansion into the European logistics market and is its second investment in the Nordic region, following its NOK 1.5 billion investment into Bulk Infrastructure, a leading Nordic developer of logistics, data centers, and fiber networks, in 2020. Since 2015, BGO has acquired or developed approximately 150 logistics assets, comprising more than 5 million square meters.
Toby Phelps, Managing Partner and Head of European Equity at BentallGreenOak, said: “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.”
BGO was advised by JLL, Mannheimer Swartling, PwC, and WSP.
BentallGreenOak is a leading, global real estate investment management advisor and a globally recognized provider of real estate services. BentallGreenOak serves the interests of more than 750 institutional clients with approximately $53 billion USD of assets under management (as of December 31, 2020) and expertise in the asset management of office, logistics, multi-residential, retail and hotel property across the globe. BentallGreenOak has offices in 24 cities across twelve countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients.
In Europe, BentallGreenOak is a leading investment manager with over 50 professionals and $5.2 billion USD in AUM across debt and equity, with strategies spanning from Core to Value-Add and Development, with its own internalised operating capability. The firm has acquired or developed over 150 logistics assets comprising 5.1 million square meters (55 million square feet) since 2015. BentallGreenOak’s investment vehicles have assembled a large and diversified land bank across Europe, currently owning or controlling over 1,000 acres of land (capable of building over 23 million square feet of space) zoned for Logistics, Data Centers and Cold Storage.
BentallGreenOak is a part of SLC Management, which is the institutional alternatives and traditional asset management business of Sun Life.
The assets under management shown above include real estate equity and mortgage investments managed by the BentallGreenOak group of companies and their affiliates.
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