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Blackstone buys Swedish warehouses for $64m
Transactions - SEPTEMBER 13, 2019

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Blackstone buys Swedish warehouses for $64m

by Released

Stockholm-based real estate company Klövern has sold seven properties in Sweden for a total underlying property value of SEK 622 million (€58 million/$65 million).

The buyer was a fund managed by Blackstone.

The warehouses are located across Sweden in the towns of Örebro, Kalmar, Halmstad, Linköping and Västerås. The properties´ lettable area amounts to approximately 94,000 square meters (1.01 million square feet) and consists primarily of premises for warehouse/logistics.

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