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By IPE staff2020-12-15T16:49:00+00:00
A German open-ended real estate fund managed by DWS has acquired logistics property in Jönköping, Sweden for €142m.
The 112,000sqm complex was sold by Savills Investment Management on behalf of its Nordic Logistics Club Deal fund.
It is leased to El-Giganten Logistik, one of the largest electronics companies in Northern Europe, on a long-term basis.
Its fully automated sorting and storage facilities enable efficient and high capacity operations serving Norway, Sweden, Denmark and Finland.
“This acquisition further expands our presence in Sweden and in the logistics sector,” said Ronen Ribak, head of real estate transactions for Europe at DWS. “We will continue to focus on assets with strong tenant profiles in well-established locations with access to large consumer markets across Europe.”