NREP Logicenters has acquired a new buil t 8,500 sqm logistics property in Viared near Borås from JBCC Förvaltning and EPA Business. The tenant is Didriksons AB and the property is used as their central warehouse for d istribution across Sweden.

”We are very happy to further strengthen our partnership with JBCC Förvaltning and to continue developing high quality logistics facilities in Borås. The acquisition is a great addition to our logistics portfolio and combines modern specifications with st rong cash flows from a ten year lease with Didriksons AB,” comments Jonathan Ahrens, Investment Manager at NREP Logicenters.

“With this transaction, NREP Logicenters continues to prove the benefit of a consistent market presence and a wide local network, enabling us to source transactions. We now strengthen our presence in Borås, where we are in the process of developing a new warehouse for Speed Group and already have tenants as DSV, Aditro Logistics, Speed, and Cross Nordic. This shows that Borås is an important logistic s location in western Sweden,” comments Matthias Kettelhoit, Commercial Head of NREP Logicenters.

Jan Lindberg at JBCC Förvaltning comments: “We are very satisfied with our long collaboration with NREP Logicenters. We share the same values and ideas about how to develop modern logistics properties with high quality, which has always been our signum.”

The property was acquired by NREP Nordic Strategies Fund II, which mainly focuses on logistics, residential and retail properties in the Nordic region and is backed by a number of international blue chip institutional investors. The fund made its first investments in the spring of 2016 and has an investment capacity of more than EUR 1.5 billion.