The property comprises a last mile-logistics terminal of approximately 4.400 sqm fully leased to Budbee as well as a generic logistics asset of approximately 14,400 sqm. The property, Väghyveln 6, is located in Pilängen Logistics Park by the E18/E20 highways, southwest of Örebro. The buildings will be certified according to BREEAM Very Good and include 500 kW of solar power. Construction is ongoing and the premises are expected to be available to tenants starting from the third quarter of 2023.

"We are happy to close this transaction and look forward to completing the development of these two prime logistics assets in close collaboration with the BlackRock team," says Lars Axelsson, Head of Evolv and Partner at Slättö Förvaltning.

"We are pleased to continue to build BlackRock’s Nordic real estate portfolio and further strengthen our regional footprint within logistics through this acquisition. Together with Slättö, we look forward to developing these logistics assets, with sustainability at the core, to support the accelerated growth of e-commerce," comments Thorsten Slytå, Managing Director and Head of Nordic Real Estate at BlackRock.

Mannheimer Swartling and JLL acted as advisors to Slättö.

Linklaters and Colliers acted as advisors to BlackRock Alternatives.