Allianz Real Estate adds newly built Swedish logistics facility to its growing Nordics portfolio

The newly completed asset is located in the logistics ‘golden triangle’ connecting the four Nordic capitals of Copenhagen, Oslo, Helsinki and Stockholm. It is situated in a strategic micro location in Norrköping, with a major motorway, harbor, rail connection and airport all within a 15-minute drive. It is fully let to prime tenant PostNord on a long-term lease.

In addition, the facility’s roof will be covered with 55,000 sqm of solar panels, one of the largest such expanses of panels on a building in Sweden, with excess energy to be fed into the grid. This installation will align the facility to the Carbon Risk Real Estate Monitor (CRREM) decarbonization pathway, supporting the Allianz Real Estate’s target to reduce carbon emissions across its portfolio by 25% by 2025 and be carbon net-zero by 2050.

The acquisition in Norrköping adds further size and momentum to Allianz Real Estate’s Nordics portfolio, which is approaching EUR 2 billion in assets under management (AUM), and to the firm’s global logistics allocation. Its sector portfolio grew to EUR 11.6 billion in AUM as at the end of 2021, up 32% year-on-year, with EUR 5.8 billion in European logistics assets.

Recent sector deals include its sixth acquisition in Italy, announced in March 2022, which brought total assets under management in its Italian Logistics Fund to more than EUR 500 million, and a 50/50 joint venture with logistics specialist VGP.