CBRE IM makes land acquisition for logistics development in Åstorp, Sweden
CBRE Investment Management (CBRE IM), on behalf of a fund sponsored by the firm, has acquired 77,000 square meters (828,821 square feet) of land in Åstorp, Helsingborg, Sweden. The site will be developed into a high-quality warehouse asset totaling 46,000 square meters (495,140 square feet) of leasable area.
The project will see flexible one to three units developed on a speculative basis and will target BREEAM Excellent certification. Completion of the development is expected in fourth quarter 2024.
The plot is strategically located along the E4 highway East of Helsingborg, a top-ranked logistics area in Sweden. Helsingborg is regarded as a city with huge growth potential — it is the country’s second-largest container port, and it will double its capacity due to the current substantial project to develop new container terminals in the south part of the harbor. Helsingborg is part of the greater transnational trade area Öresund, with excellent multi-modal conne