Savills IM adds Swedish warehouse to burgeoning logistics fund

Savills Investment Management has continued the expansion of its logistics portfolio with the acquisition of a transshipment warehouse in the Swedish city of Jönköping.

The purchase is the third in just over a month for the open special fund European Logistics Fund 2, which now comprises 17 properties in four countries with a total investment volume of around €524 mln. Earlier in April Savills acquired a newly constructed distribution warehouse in Greater Paris from global investment manager Barings, following the purchase of a warehouse in the Lyon area.

The transshipment hall in Jönköping was completed in 2018 and has a total lettable area of 23,345 m2. It is located centrally between Stockholm, Gothenburg and Copenhagen, close to a number of large and medium-sized companies.

The vendor was global transport and logistics service provider DSV. Financial details were not disclosed.

Daniel Hohenthanner, investment director at Savills IM, said: 'Sweden is the largest real estate market in the Nordics and is currently ranked by the World Bank in Germany as the most attractive logistics location worldwide.

'On behalf of our investors, we are still on the lookout for logistics properties throughout Europe. As well as core and core-plus properties, value-add real estate is also an option.'


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