Urban Partners has divested more than €1 billion ($1.2 billion) of logistics assets across two separate transactions on behalf of its funds NSF III, NSF IV, NSF V and NIP. Strong interest from both domestic and international investors highlights continued demand for Nordic logistics, characterized by increased ecommerce penetration, rental growth and an undersupply of modern assets.
“These transactions demonstrate Urban Partners’ ability to execute at scale and deliver strong outcomes for our investors, including through the largest Nordic direct logistics portfolio sale in several years. In a market that is stabilizing after a period of volatility, we have been able to generate liquidity by building high-performing portfolios with modern specifications, long leases and prime locations,” said Jani Nokkanen, co-head of real estate and CIO at Urban Partners.
After these two exits, Urban Partners remains a leading logistics investment manager in the region, with c