Cadillac Fairview/the Ontario Teachers’ Pension Plan (OTPP) has purchased a 121,000 square meter Swedish logistics portfolio.
The Swedish logistics portfolio comprises five modern, single-tenant assets in Gothenburg, Helsingborg, Örebro, and Västerås. Notable tenants include GEODIS Sweden, Schneider Electric, Svenska Retursystem, Speed Logistics, and Seafrigo Nordic.
The assets play a crucial role in the tenants’ distribution networks featuring key technical capabilities that enhance their operational efficiency. Additionally, these modern assets have strong ESG (Environmental, Social, and Governance) principles, reflecting a commitment to sustainability in distribution.
Real estate specialist Cadillac Fairview is wholly owned by the OTPP. In July 2022, it announced it was committing around $4 billion to invest across Europe over the past 18 months as part of an ambitious international expansion plan.
The acquisition from Blackstone’s Mileway was undertaken with help from its local operating partner in the Nordics, Fokus Nordic. Linklaters advised the purchaser.
Fokus Nordic specialists in investment and asset management in real estate in the Nordic markets.