M&G Real Estate acquires two Swedish logistics assets in key last mile hubs

10 January 2020

M&G publishes on its website:

“Acquisitions mark a combined €64 million investment in the Nordic last-mile logistics segment

M&G Real Estate, a leading solutions provider for global real estate investors, has acquired two prime logistics assets, Myrfast in Segeltorp, marking a combined €64 million investment into the Nordics logistics sector. Both acquisitions were made on behalf of the M&G European Property Fund managed by David Jackson and Simon Ellis.

The assets are based in the established logistics and warehousing submarkets of Segeltorp and Brunna, both on the highways connecting to Stockholm city centre. Myrfast, is a 15,060 sq m building, acquired off market for €46 million. The building is 100 per cent let to a single tenant, Postnord and is located close to the entrance and exit to the new Stockholm ring road, due for completion in 2026.

Lyckobrunnen is a new development, well located to the northwest of Stockholm close to the E18, E4 highways and Arlanda Airport. The building, which completed in 2019, has been constructed to BREEAM Excellent sustainability standards and is multi-let to Swedish trade, real estate and investment company Orvelin Group, luxury architectural and interior design materials group Cosentino and Engelmanns AB, a Swedish cheese wholesaler.

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