Cromwell Property has partnered with investment firm Carlyle to buy a 25,000sqm portfolio of five assets as part of a new value-add investment mandate targeting logistics assets in Sweden and Denmark.
Fund manager Cromwell said the assets, acquired in three separate transactions, are situated in Copenhagen, Aarhus and Kolding in Denmark, and Helsingborg in Sweden.
Financial details were undisclosed.
Pontus Flemme Gärdsell, the head of Nordics at Cromwell Property, said: “With this mandate, we are looking to build a strong portfolio of logistics assets across the Nordic region over the next 12-18 months, focused on tapping into regional markets in Denmark and Sweden where there is strong occupier demand supported by low vacancy rates.”
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