BentallGreenOak (BGO) has acquired a 19,600-square-meter (211,000-square-foot) 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 center of the Öresund region, close to railway, harbor and highways, as well as Malmö city. It was completed in 2018, and is built to high, modern specifications to satisfy most tenant requirements. It is mostly leased to two well-regarded Swedish tenants, with approximately 5,400 square meters (58,000 square feet) 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 ($176 million) investment into Bulk Infrastructure, a leading Nordic developer of logistics, data center and fiber netw
