Ontario Teachers' Pension Plan has completed the acquisition of a 92.000 square meter logistics portfolio from funds managed by Blackstone. The portfolio consists of three high-quality properties in Stockholm and Gothenburg, and two in Copenhagen, all fully leased to leading logistics and distribution tenants.

The acquisition marks Ontario Teachers' Real Estate's entry into the Danish market and strengthens their growing logistics platform in the Nordics. The acquisition is being carried out together with Fokus Nordic, OTPP's local operating partner.

The transaction is the second acquisition by OTPP, following an initial investment in Sweden in 2023. The goal is to build a diversified, institutional-quality logistics portfolio across the region, focusing on well-located properties that benefit from strong fundamentals and long-term tenant demand.

The properties being acquired are Slipskivan 6 in Länna outside Stockholm, Östergarde 31:21 in Sörred in Gothenburg, Arendal 1:8 in Arendal in Gothenburg, Ventrupvej 27 in Greve and Litauen Alle 6 in Taastrup.

“This is a significant step in expanding our logistics footprint in the Nordics and further strengthens our pan-European logistics portfolio. By entering Denmark and scaling our presence in Sweden, we are reinforcing our commitment to high-quality assets in key logistics hubs. We’re delighted to be growing our portfolio which aligns well with our long-term investment strategy and offers opportunities to create additional value through active management,” says Jenny Hammarlund, Senior Managing Director, Real Estate at OTPP.

“We are very pleased to have completed our second transaction with Ontario Teachers’, which represents a successful cross-border effort from our teams in Stockholm and Copenhagen,” says Tonny Nielsen, CEO at Fokus Nordic.

OTPP was advised by Gernandt & Danielsson, Accura, EY and WSP.