Niam picks up Swedish logistics portfolio from Savills IM

Swedish private equity firm Niam has announced the acquisition of a logistics portfolio in Sweden from Savills IM's Nordic Logistics Fund.

The portfolio comprises three freehold assets in Borås, Ljungby, and Halmstad in Southern Sweden, with a strong tenant base and located in robust logistics hubs. All properties are modern and generic, with certifications according to GreenBuilding or BREEAM standards.

Built in 2009-2015, the premises are fully let and provide a total lettable area of 93,000 m2. 

The purchase price was not disclosed.

Henrik Gerdin, fund manager at Niam, commented, 'We are active in the Nordic logistics segment, seeking generic properties and property portfolios with long-term demand and/or strategic value for tenants. We have evaluated and continue to evaluate transactions in the region, and it is thus exciting to present Niam's latest logistics acquisition.'

Peter Broström, head of Nordics at Savills IM, added: 'The demand for prime logistics assets in the Nordic region remains high despite the current market headwinds. This sale is in line with the fund’s strategy, and we are capitalising on the initiatives that have been undertaken during our ownership, as well as on improving values, which will benefit our investors. Going forward, we continue to look for new investment opportunities where we can use our extensive network and long track record within logistics in the Nordic market to add value on behalf of our clients.'

The Savills IM Nordic Logistics Fund is a club deal on behalf of German institutional investors launched in 2014 as a German real estate special fund. At launch, the fund acquired a logistics portfolio which comprised 11 assets in Sweden, Denmark, Finland and Norway. Since then, a further asset in Sweden was acquired and six assets were sold, most recently a portfolio in Denmark consisting of four assets in December 2021.  
 
Savills IM currently manages properties in the Nordics with a total value of €1.6 bn, consisting of residential, retail, logistics and office properties in Sweden, Denmark and Finland.

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