Savills IM picks up €35.2m logistics asset in Sweden

Savills Investment Management has purchased a new €35.2 mln logistics property in Gothenburg, Sweden, from Sörred Logistikpark, a joint venture between Catena and Platzer.

Savills IM Gothenburg facility

The acquisition marks the first Swedish investment for Savills IM’s European Urban Logistics & Industrial Fund (EULIF). 
The high-quality, 15,000 m² facility is fully leased to a major Swedish car manufacturer for 10 years and is strategically located near the Port of Gothenburg, Scandinavia's largest port. 
The building is designed for sustainability, targeting BREEAM 'Excellent' certification with features like solar panels and EV charging.
Launched in early 2023, EULIF focuses on urban logistics and light industrial properties in undersupplied European markets, and this acquisition complements its existing holdings in Germany, France, and Spain.
Evert Castelein, head of Logistics & Industrial Europe, Savills IM, said:  “The fund’s acquisition strategy focuses on core European markets benefitting from the most favourable supply-demand dynamics and strong rental growth potential. Our local presence and knowledge in these markets provides us with access to opportunities that help drive income-return resilience and alpha generation for our investors. We believe the asset is an excellent addition to the fund’s diverse and defensive portfolio, which forms part of Savills IM’s wider conviction and market-leading presence in the European logistics market”
Lisen Heijbel, head of Investment, Nordics at Savills IM, added: “We have an established track record in the Nordics, with our large on-the-ground team having been active in the region since 2007, delivering positive income and total returns for our investors in that period. We’re seeing increasing investor interest in the Nordic logistics market, driven by strong fundamentals and growing demand. Yields have started to compress, which underscores the sector’s attractiveness and long-term potential.”
This acquisition expands Savills IM's European logistics portfolio to over €6.5 bn across 11 countries.
Savills IM was advised by DLA Piper, WSP, PWC, and Savills during the acquisition.