Allianz Real Estate and CBRE GIP have completed the acquisition of a portfolio of logistics assets via a dedicated Norwegian fund managed by NRP.
The portfolio consists of 8 logistics assets located in Sweden and Denmark representing a total value of more than SEK 4 billion ($440 million) and a leasable area of more than 400,000 square meters (4.3 million square feet) leased via medium-term long-term leases. weighted approximately 12 years.
"This portfolio is an ideal platform to continue to grow our business in the Nordic region," said Hugues Braconnier, head of logistics at Allianz Real Estate. “Diversified, it is based on solid long-term leases with the potential for value creation."
The portfolio was developed by NRP and was previously jointly owned by direct investors and two funds managed by the firm. The dedicated Norwegian fund will be managed by NRP with a focus on logistics assets located in the Nordic countries, and with a mandate to grow the
