Savills Investment Management, on behalf of its Nordic Logistics Club Deal fund, has sold a logistics property in Hyvinkää to a fund managed by Swiss Life Asset Managers Nordic.
News release
14 January 2025
JLL advised on the sale of a prime logistics property in the Helsinki region
Your browser doesn't support speech synthesis.
Listen to article •
Read time: 1 sec
The property serves as the central warehouse in Finland for Ahlsell, a leading Nordic technical wholesaler, which has been leasing the property since its construction. The state-of-the-art logistics centre was originally built in 2002 and has undergone several improvement projects over the years. The latest extension, completed in 2024, added around 11,000 square meters of new storage area to the property, bringing the total lettable area to 47,000 square meters. The property has been developed with a strong emphasis on energy efficiency with on-site solar power and renewable district heating. The sustainability features of the property were also further optimised and the asset just received BREEAM Excellent certifications in both BREEAM New Construction and BREEAM In-Use.
Lisen Heijbel, Head of Investment Nordics at Savills IM, adds: “We are delighted with the very good result that we were able to achieve for the investors in the Nordic Logistics Club Deal with this sale and we thank our advisors JLL and Krogerus as well as the buyer Swiss Life Asset Managers Nordic for a smooth process. The transaction market for logistics properties in the Nordics has recently picked up and we are actively searching for strategic logistics investments in the right locations in the Nordics for various funds and mandates.”
Antti Pelli, Senior Director, Capital Markets, JLL Finland: We are extremely delighted to have successfully advised Savills Investment Management on the largest single-asset logistics transaction in Finland 2024. The sale is the culmination point of long-standing, multidisciplinary cooperation between Savills Investment Management and JLL in executing a successful business plan for the asset. JLL conducted an extensive marketing process that garnered wide attention and produced outstanding results to our client. We want to thank and congratulate both the seller and the buyer for a smooth process.
JLL acted as commercial advisor to Savills Investment Management in the transaction. Krogerus acted as a legal advisor to the seller.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.