Savills IM to buy Finnish and Dutch logistics assets for Korean investors
Savills Investment Management has bought two logistics assets in the Netherlands and Finland on behalf of Vestas Investment Management and a club of Korean investors.
The real estate investment manager said it has forward purchased the assets in Venlo and Helsinki which will both be leased to logistics operator DSV.
No financial details were disclosed.
Jon Crossfield, the co-head of UK and head of Savills IM’s strategic partnerships in Europe, said: “Although pricing and investor demand for logistics shows no sign of weakening, on the basis stock selection is good, we remain convinced by the sector’s growth story and strong income fundamentals. We look forward to doing more.”
These acquisitions comprise part of a wider logistics portfolio of four assets across Europe, which Vestas have acquired.