Located in prime logistics hubs serving the greater Stockholm or Copenhagen markets, the 211,000 sqm portfolio meets very high technical, energy usage and ESG criteria. Around 85% of the building materials are reusable while the facilities have been designed with a minimum lifespan of 50 years.
Certifications include BREEAM Very Good and DGNB Silver while DSV has signed a green lease which commits the firm to the use of renewable energy. Each asset is compliant with EU Taxonomy and the Carbon Risk Real Estate Monitor decarbonization pathway, and fully support Allianz Real Estate’s aim to be carbon net-zero by 2050.
Allianz Real Estate has continued to allocate to the global logistics sector given its pivotal economic role in a post-Covid world. In March this year, the firm acquired a Grade A, 70,000 sqm logistics facility in Norrköping, Sweden; it also completed its sixth logistics transaction in Italy since 2019, bringing total assets under management in its Italian Logistics Fund to more than EUR 500 million.
As at the end of Q1 2022, total assets under management in Allianz Real Estate’s global logistics portfolio reached EUR 12.6 billion, with EUR 6.4 billion in Europe. This was up from EUR 11.6 billion as at the end of 2021 and follows a 32% year-on-year increase in FY2021.
A report published by Allianz Real Estate at the end of 2021, Long-term demand drivers behind logistics real estate, concluded that no market in Europe is close to full e-commerce penetration and all countries need more logistics space. ESG compliance will drive rental premiums and tenant quality, while demand for urban and last-mile assets will rise as delivery times continue to compress. Since the report’s publication, the onset of the situation in Ukraine and the associated spike in fuel prices could mean reduced global trade, which has led to higher stockpiling of inventory and therefore increasing warehouse demand, particularly in Europe. In the longer term, demand in the logistics sector will benefit from an emphasis on supply chain resilience.
Thomas Villadsen, Director Nordics & CEE, Allianz Real Estate, said: “This is a compelling opportunity to secure three exceptional logistics assets in an off-market deal with a prime tenant in two of Europe’s most exciting markets. Stockholm and Copenhagen continue to need modern facilities, with historically low vacancy rates creating opportunities.”
Annette Kröger, CEO, North & Central Europe, Allianz Real Estate, said: “Even with record transactions volumes in 2021, a supply-demand imbalance persists in the logistics sector. It continues to be a high-conviction theme for us, with the acceleration of ecommerce resulting in record demand. These positive fundamentals combined with our expertise, market relationships and ability to transact means we are well placed to deliver value-add investments for our clients.”