BentallGreenOak (BGO), a leading global real estate investment management advisor and provider of real estate services in Europe, announced the acquisition of a 19,600 sqm logistics asset located in Malmö, Sweden, as part of its continued growth in the European logistics sector. The asset was acquired from funds managed by Genesta Property Nordic.
The property is strategically located in Malmö Industrial Park, the new logistics centre of the Öresund region, close to railway, harbour and highways, as well as Malmö city. It was completed in 2018, and is built to high, modern specifications to satisfy most tenant requirements, including almost 12 meters ceiling height and BREEAM Very Good certification. It is mostly leased to two well-regarded Swedish tenants, with approx. 5,400 sqm available for leasing.
The acquisition forms part of BGO’s continued expansion into the European logistics market and is its second investment in the Nordic region, following its NOK 1.5 billion investment into Bulk Infrastructure, a leading Nordic developer of logistics, data centers, and fiber networks, in 2020. Since 2015, BGO has acquired or developed approximately 150 logistics assets, comprising more than 5 million square meters.
BGO was advised by JLL, Mannheimer Swartling, PwC, and WSP.