Savills Investment Management (Savills IM) has announced the acquisition of a logistics facility in Gothenburg, Sweden, for €35.2 million (approximately GBP 27.7 million). The property was acquired from Sörred Logistikpark, a joint venture between Catena and Platzer.
The newly built property spans nearly 15,000 m2 and is fully let on a 10-year lease to a multinational Swedish automotive manufacturing group. The facility is located less than 2 km from the Port of Gothenburg, which handles about 30% of Sweden's foreign trade, and has direct connections to the motorway network towards Stockholm and Gothenburg city center.
The facility is targeting BREEAM New Construction 'Excellent' certification and incorporates several sustainable features, including solar panels, electric vehicle charging stations, and district heating. Additionally, the lease agreement is structured as a green lease to promote energy efficiency and environmental responsibility from the tenant.
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This logistics property is the first acquisition for the EULIF fund managed by Savills IM, marking a strategic expansion into the northern European urban logistics market. Photo: Logistics Manager |
This logistics property is the first acquisition for the EULIF fund managed by Savills IM, marking a strategic expansion into the northern European urban logistics market. Photo: Logistics Manager
This transaction marks the EULIF fund's first foray into the Swedish market. EULIF is an open-ended, core-plus fund launched in 1/2023, focusing on urban logistics and light industrial properties in supply-constrained European markets. Prior to Sweden, the fund has invested in Germany, France, and Spain.
Lisen Heijbel, Head of Northern Europe Investment at Savills IM, shared that the company has built a strong investment track record in the northern European region, with an experienced team operating there since 2007. Throughout this period, the company has delivered stable income and positive returns for investors.
"We are seeing increasing investor interest in the northern European logistics market due to strong fundamentals and clear growth in demand. Yields have started to compress, demonstrating the sector’s attractiveness and long-term potential," Heijbel said.
Savills Investment Management (Savills IM) is an international real estate investment manager, majority-owned by Savills plc, headquartered in London, UK. Savills IM manages over €26 billion in assets for global institutional investors, with a network of over 15 offices across Europe and Asia-Pacific. The company’s portfolio spans logistics, residential, and debt investments. Savills IM has a strong focus on sustainability, incorporating ESG criteria throughout the investment process. In 2024, the company notably partnered with Greystar to develop nearly 1,000 rental apartments in Madrid.
The European Urban Logistics & Industrial Fund (EULIF) is an open-ended, core-plus fund investing in urban logistics and light industrial real estate across Europe, managed by Savills Investment Management (Savills IM). Launched in 1/2023, the fund has made several notable acquisitions, including a major project in Essen, Germany (8/2023) and two logistics properties in France in 2024.
Hai My (Logistics Manager)
