Savills IM acquires logistics building near Stockholm for European logistics fund

Savills Investment Management (Savills IM) has acquired a logistics building in Stockholm on behalf of its flagship European logistics fund.

The asset has a prime last-mile location in Jordbro 25 kilometers (15.5 miles) south of central Stockholm. The seller is Revelop.

After this addition, the fund portfolio comprises 18 assets in six countries with a volume of €860 million ($930 million).

The building, which was completed in December 2022, comprises of 13,000 square meters (139,931 square feet) lettable area including zones for chilled- and frozen-food distribution. The property is built-to-suit the tenant, which is a leading operator within the food industry and has committed to a 20-year lease. The asset is set to achieve a Miljöbyggnad Silver environmental certification and is equipped with solar panels on the roof, electric vehicle-supply equipment and heat recovery. There also will be a large decrease in CO2 footprint by the consolidation of the tenant