NREP Logicenters has acquired the new build logistics property in Stigamo, Jönköping, from Reach Fastigheter. The tenant is AD Bildelar and the property will be used as their central warehouse location serving all of Sweden.
“After outgrowing our old facilities in Varberg we looked at several geographical locations, sites, and development partners. We are convinced that we made the right choice in Jönköping with this property built by Reach Fastigheter,” comments Jörgen Edentoft, Warehouse manager, AD Sverige.
The property was developed in 2017 and is located in the new expansive Stigamo area south of Torsvik.
”We are very happy to further strengthen our partnership with Reach Fastigheter and to continue developing high quality logistics facilities in Jönköping. The acquisition is a great addition to our logistics portfolio and combines modern specifications with strong cash-flows from a 15-year lease with AD Sverige AB,” comments Hampus Brodin, Investment Manager at NREP Logicenters.
Stefan Alvarsson of Reach Fastigheter comments:
“Reach, in collaboration with project manager Qvana Invest, developed this 20,500 square meters property in close cooperation with AD Bildelar and NREP. We are very pleased with the final product, the efficient process, and our continuing business relation with NREP Logicenters, who we are confident will be a strong partner to AD Bildelar in their future growth.” 
The property was acquired by NREP Nordic Strategies Fund II, which mainly focuses on logistics, residential and retail properties in the Nordic region.