The property is fully let on a long contract to Eleiko Group AB, a world-leading manufacturer of strength equipment. It was acquired from a JV consisting of Eleiko and phase developer OOF Group. The property holds Environmental Building Silver certification.

"We are very pleased to have acquired a newly built logistics property of the highest class and with a strong tenant, for our Core Plus strategy. The property, certified as 'Environmental Building Silver', is well in line with our high ambitions in ESG," says Linus Nilsson, Head of Nordics at Pictet Alternative Advisors.

"We are very pleased to enter into this agreement with Pictet. The deal helps support Eleiko's growth and gives us the opportunity to further invest and focus on our core business, while forming a strong partnership with a long-term and professional real estate investor in Pictet," says Erik Blomberg, CEO of Eleiko.

"The collaboration with Eleiko has worked very well and despite the fact that neither Eleiko nor we had plans to sell the property in the near future, the parties are satisfied to have found a new good owner for the terminal. Now we expect to reinvest the released capital in new investments to a higher risk-adjusted return and continue to develop OOF Group," says Robert Eek, CEO OOF Group.

Eleiko/OOF Group was advised by New Property and DLA Piper.

Pictet was advised by Kilpatrick, PWC, Sweco, Svalner and Justim, who will also manage the property locally.