The newly established CBRE Nordic Capital Markets team in Sweden and Denmark advised H.I.G. on the transaction. The property is located just south of Gothenburg and covers an area of 17,146 sq m highly effective and flexible warehouse accommodation, hereof 632 sq m office, with 10 docking doors and a ceiling height of 9 metres.
Nordic FocusEarlier this year CBRE announced that it is expanding and strengthening its Capital Markets service offering for domestic and international clients across the Nordic real estate market. A newly formed 58-strong pan-Nordic team led by Sami Kiehelä will provide clients with a fully integrated range of transactional, capital advisory, corporate finance and research services. In addition to advising clients seeking to take advantage of the strong Nordic real estate investment market, the team is strongly positioned to advise domestic clients on international investment opportunities through its leading EMEA and global capital markets platform.
"More than ever before, we see logistics investors looking to establish a pan-Nordic foundation where portfolio synergies across borders can be achieved. We’ve already seen a number of investors being represented in more than one Nordic country and based on current activity, we expect this tendency to be even more distinct over the coming year", says Peter Michael Tetzlaff, CBRE Denmark.
This transaction marks the 10th industrial and logistics transaction that CBRE completes in the first four months of 2020 in the Nordics. Among others an airport logistics property in Copenhagen Airport was sold in a 15-year sale and leaseback end of April and a 187,000 sq m logistics land plot was sold in Fredericia, Denmark. In March CBRE acted as buyside advisor on the acquisition of 12 logistics properties in Western Europe, of which two properties are in Denmark.
In Sweden, CBRE finished the final weeks of 2019 strongly by closing the acquisition of Bråviken Logistik on behalf of GLL and days later the sale of a 50,000 sq m warehouse in Torsvik, Jönköping.
"Our recent experience and forecasts suggest that the logistics segment will have a relatively low exposure to the Covid-19 disruption, something that this deal demonstrates well. Investors are lined up and ready to invest why I feel confident we will witness several more transactions this year despite current circumstances", says Hampus Otterhäll, CBRE Sweden.
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More Press Releases:
CBRE Strengthens Capital Markets Services in the Nordics.
CBRE appoints Amanda Welander as Head of Research, Nordics
CBRE appoints Colin Waddell as Managing Director for CBRE Norway, in addition to his position as MD for CBRE Finland.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.