Savills Investment Management (Savills IM) has acquired a fully-leased, 13,000sqm building in Sweden on behalf of its European logistics fund.

The international real estate investment manager has invested an undisclosed sum to buy the newly constructed asset in Jordbro in southern Stockholm from real estate investor Revelop.

As a result of the latest deal, the fund’s portfolio now comprises 18 assets in six countries worth €860m, Savills IM said.

Daniel Hohenthanner, director of investment at Savills IM, said: “This investment has very strong fundamentals due to its excellent macro and micro-location. The very long lease term with a financially strong tenant will further stabilise the fund’s distribution.

“Finally, the asset further diversifies the portfolio of our pan-European logistics fund at country and tenant level, which is why the property is a very good addition to the fund.”

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