Allianz Real Estate has purchased three Grade A logistics assets in the Nordics as part of a sale-and-lease back deal with Danish transport and logistics leader DSV.
The assets are located in prime logistics hubs serving the greater Stockholm or Copenhagen markets.
DSV recently completed two of them in Denmark and Sweden, while construction work on the third property will be finished in Q4 2022.
The 211,000 m2 portfolio meets very high technical, energy usage and ESG criteria, with around 85% of the building materials used being reusable while the premises will have a minimum lifespan of 50 years.
The assets include BREEAM Very Good and DGNB Silver certifications, while DSV has signed a green lease, committing to the use of renewable energy.
Each asset is compliant with EU Taxonomy and the Carbon Risk Real Estate Monitor decarbonisation pathway, in line with Allianz Real Estate’s carbon net-zero goal by 2050.
Thomas Villadsen, director Nordics & CEE, Allianz Real Estate, said: ‘This is a compelling opportunity to secure three exceptional logistics assets in an off-market deal with a prime tenant in two of Europe’s most exciting markets. Stockholm and Copenhagen continue to need modern facilities, with historically low vacancy rates creating opportunities.’
Annette Kroger, CEO, North & Central Europe, Allianz Real Estate, added: ‘Even with record transactions volumes in 2021, a supply-demand imbalance persists in the logistics sector. It continues to be a high-conviction theme for us, with the acceleration of e-commerce resulting in record demand.’
Total assets under management in Allianz Real Estate’s global logistics portfolio in Q1 2022 reached €12.6 bn, of which €6.4 bn in Europe.
