CapMan Real Estate has acquired a logistics development project in LogPoint South, a logistics hub south of Jönköping city centre in Sweden, from Venturi Fastigheter, a Swedish property development company.
The investment is the first greenfield logistics development project for CapMan Real Estate. The investment is made in a joint venture together with logistics development operating partner Nordsten Development.
The property comprises 340,000 m2 of land, which can be developed into 200,000 m2 of prime logistic space. The transaction is conditional upon the zoning plan for the property gaining legal force.
'We are excited to acquire this property for development of prime logistic premises. This marks CapMan Real Estates entry into the logistic development market, and it complements our existing fund portfolio very well. We have set the bar high with our ESG targets in this project, aiming for EU Taxonomy alignment and to certify the buildings with a minimum of BREEAM-SE New Construction Excellent. We look forward to developing the property into modern logistic premises attracting a diverse range of tenants, together with our partner Nordsten Development,' said Marcus Lotzman, investment director, CapMan Real Estate Sweden.
The acquisition was made through the CapMan Nordic Real Estate Fund III.
CapMan Real Estate manages €4.2 bn in real estate assets and the Real Estate Team comprises over 70 real estate professionals located in Helsinki, Stockholm, Copenhagen, Oslo and London.
