Aviva Investors, the global asset management business of Aviva plc, announced it has completed an investment to acquire a brand-new warehouse and production facility in the Helsingborg area of Sweden, one of the country’s top-ranked logistics hubs.
The investment represents the first transaction by Aviva Investors in the Swedish market, as it continues to build out its European real estate strategy.
Built-in 2022, the property sits in the Bjuv municipality of Helsingborg East and has a total lettable area of almost 27,500 sq m spread across a warehouse and production floor. The facility is fully leased to an international distributor in the fresh food industry.
The building has been designed to align with ambitious sustainability credentials. As well as using cooling systems and heating recycling, the property also has a photovoltaic plant installed on the roof, which is expected to meet the majority of electricity needs. It has been awarded with a Silver certification under the Miljöbyggnad scheme, a Swedish system for environmental certification of buildings developed by the Sweden Green Building Council, and has achieved an EPC-A rating.
Helsingborg is considered one of the leading logistics hubs in Sweden and the wider Nordic region, with the Öresund Bridge providing direct transport links to Copenhagen and creating an important link for the transport of goods between Sweden and the rest of Europe. The city also benefits from its proximity to Copenhagen and Malmö, whilst also having access to sea, road and air transportation networks.
Aviva Investors was advised by NCAP, Gernandt & Danielsson and PwC.
George Fraser-Harding, Head of Pan-European Funds, Real Estate, at Aviva Investors, said: “Logistics remains a core sector in our real estate strategy and one where we continue to find value. With low vacancy rates and high-quality assets in a geographically important location, the Nordics can offer exciting investment opportunities in a dynamic market. Helsingborg is quickly being recognised as an emerging cluster for food transport and is consistently ranked as one of the top logistics locations in Sweden. We think these factors can provide the potential to deliver long-term investment outcomes in client portfolios.”
