Savills IM sells logistics portfolio in Sweden

Savills Investment Management has sold a logistics warehouse portfolio consisting of three freehold assets in Borås, Ljungby and Halmstad, Sweden, on behalf of its Nordic Logistics Fund. Niam acquired the portfolio in Southern Sweden, establishing their new Nordic Logistics Portfolio. The purchase price was not disclosed.

The assets are fully let to well-known logistics operators and publicly financed tenants, situated in strategic locations linked to European motorways and fundamental infrastructure. Built from 2009 to 2015, the modern, high-quality premises have good specifications for logistics and a total lettable area of 93,000 square meters (1 million square feet).

During the 10-year hold of the assets, Savills IM has conducted an active ESG strategy as part of the business plan, including replacement to LED in all buildings, installation of solar panels for two of the assets, implementation of green leases and GRESB reporting as well as tenant satisfactory surv