The transaction is structured as a sale and leaseback with the Tjärn Fastighetsförvaltning Group, which has signed a 15-year lease agreement for the entire property. Possession will be transferred on June 17.

“We are extremely pleased to have secured this gem in one of Sweden’s most attractive industrial areas,” said Andreas Birgersson, CEO of ABG Fastena.

“We are delighted to announce yet another addition to our growing portfolio of warehouse and light industrial assets. Our portfolio now comprises fifteen properties with long-term lease agreements, all located in well-established logistics hubs. By adhering to clear investment criteria, we can continue to grow with a focus on quality – and we look forward to further acquisitions of the same high standard,” said Per Nisses, Head of Investor Relations at ABG Fastena.

New Property acted as the seller’s advisor in the transaction.