JLL double advisor to BentallGreenOak on acquisition of logistics property in Malmö
BentallGreenOak, a global property investor, has acquired a logistics property in Norra Hamnen in Malmö. The property is newly built and comprises approximately 20,000 square metres of warehouse with accompanying offices. The seller is Genesta Property Nordic. JLL has been advisor to BentallGreenOak for the transaction, which is the company’s first property acquisition in Sweden. JLL has also served as financial advisor to BentallGreenOak.
The property, which is a modern warehouse and logistics property called “Kubiklager” – a concept for modern, flexible logistics – is located in the Norra Hamnen district of Malmö. Norra Hamnen is an expansive development area close to the city that is designated for logistics.
“We are currently seeing a strong interest in logistics properties throughout Europe. Increasing numbers of investors are looking toward the Nordic region and Sweden, in particular. We congratulate BentallGreenOak on an exciting acquisition in a logistics location so close to the city as Norra Hamnen is,” says Lena Grimslätt, Senior Director, JLL Sweden.
“We are proud to have had the opportunity to represent BentallGreenOak in the financing process for its first acquisition in Sweden; in this way, we can offer a complete acquisition advisory solution. In conjunction with the transaction, yet another international lender has become established in the Swedish market,” says Joakim Nirup, Head of Debt & Financial Advisory, JLL Sweden.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.