Ontario Teachers’ Pension Plan has acquired a logistics portfolio of three assets in Sweden and two in Denmark from Blackstone-managed funds.
IPE Real Assets understands that the Canadian pension fund has invested approximately €160m to acquire a fully leased 92,000sqm logistics portfolio in partnership with its local operator, Fokus Nordic.
The acquisition of the Danish logistics portfolio marks Ontario Teachers’ real estate’s entry into Denmark and Nordic expansion, following the pension fund’s initial investment in Sweden in 2023.
Jenny Hammarlund, senior managing director, real estate at Ontario Teachers’, said: “This is a significant step in expanding our logistics footprint in the Nordics and further strengthens our pan-European logistics portfolio. By entering Denmark and scaling our presence in Sweden, we are reinforcing our commitment to high-quality assets in key logistics hubs.
“We’re delighted to be growing our portfolio which aligns well with our long-term investment strategy and offers opportunities to create additional value through active management.”
Tonny Nielsen, CEO at Fokus Nordic, said: “We are very pleased to have completed our second transaction with Ontario Teachers’, which represents a successful cross-border effort from our teams in Stockholm and Copenhagen.”
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