Sweden — With some of the Nordic region’s most experienced professionals in their teams, South Bay and Nrep are now joining forces in a strategic joint venture focused on new development projects in the Swedish logistics market. The partnership, built on a long-standing relationship between the parties, combines financial strength, proven execution capability, and deep expertise in modern logistics across the Nordics. The collaboration will be initiated with a brownfield project in Norra Hamnen, Malmö.

Finland — Logicenters has acquired land in Nurmijärvi, Finland. The acquisition is for a 51,000 sqm large plot, giving Logicenters a total development site of 29,000 sqm. A first property is scheduled for completion by the end of 2022.