BentallGreenOak has invested an undisclosed amount in Sweden to buy a 19,600sqm logistics asset from funds managed by Genesta Property Nordic.
Genesta paid SEK285m (€28m) to buy Norra Hamnen Kubiklager located in Malmö Industrial Park in 2019.
BentallGreenOak said it bought the asset is its second investment in the Nordic region, following its NOK1.5bn (€140m) investment into data centres and logistics developer Bulk Infrastructure last year.
Toby Phelps, managing partner and head of European equity at BentallGreenOak, said: “We consider the Nordic region to be an attractive place to invest, based on its strong economic fundamentals and highly liquid real estate markets.
“We will continue to work to identify high-quality properties in major cities and logistics nodes across Denmark, Finland, Norway and Sweden and hope to further establish our position in these markets.”
To read the digital edition of the latest IPE Real Assets magazine click here.