Savills Investment Management has sold a logistics complex in Torsvik near Jönköping, Sweden, on behalf of its Nordic Logistics Fund. DWS has acquired the property on behalf of one of its German open-end retail real estate funds for €141.6 million ($172 million).
Savills IM had acquired the complex, which consists of three logistics properties, in 2014 for its German club deal special fund.
Built in 1997, 2007 and 2016, the components have a total leasable area of 112,000 square meters (tk square feet). The Torsvik submarket is centrally located in the logistics triangle of Stockholm, Gothenburg and Copenhagen. The asset has excellent motorway and rail connections to the region, ports of Gothenburg and Oslo as well as Jönköping airport. The entire logistics complex is fully leased to Swedish electronics retailer Elgiganten.
The Savills IM Nordic Logistics Fund is a club deal launched in 2014 as a German real estate special fund and comprises a portfolio of
