Invesco Real Estate has acquired a logistics warehouse facility in Helsingborg, Sweden on behalf of a UK separate account client.

Invesco, working with their local partner Scius, has invested an undisclosed amount to buy Grustaget 3 from Alpy in a sale-and-leaseback deal.

The tenant, packaging operator Boxon has extended its lease by 15 years to 2037, Invesco said.

Rob Johnston, managing director, UK and Nordics transactions at Invesco Real Estate, said: “Grustaget 3 represents exceptional value on a long-term basis given the growth of logistics in the region.

“We look forward to working with Boxon Group to implement a dedicated ESG programme for the asset as part of Invesco’s global approach to best-in-class asset management.”

Joen Siggelin, a partner at Scius, said: “We’re delighted to be working with Invesco for the benefit of one of its UK clients. Sweden is undergoing a profound shift in distribution requirements as evidenced by e-commerce demand and tech-led service sectors.

“Opportunities for investors remain in a market developing fast to meet the needs of all types of consumers.”

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