The new owner acquires the property companies Kardinalmärket 1 AB and KB Sveterm, including existing leases contracts from 1 July 2020. The existing tenant, PostNord TPL AB, is the market leader on the Swedish 3 PL market, occupying over 600,000 sq m of warehouse space in Norrköping, Helsingborg, Malmö, Gothenburg, Stockholm, Ljungby and Jönköping.
The buyer, Barings, has invested in a range of sectors in Sweden, including office, retail and residential properties, for example Härolden 44 on Fleminggatan 7 in Stockholm, Gyllenstjärna 36,Åhléns City in Malmö and residential development regarding 25,000 sq.m. in Bromsten. In addition to this, the current portfolio includes investments in the other Nordic countries as well as the UK, Germany, France, Spain, Italy and Benelux.
CBRE and Linklaters AB have been advising PostNord.