Storebrand Nordic Real Estate Fund (SNRE) acquired a high-quality logistics property

Recent work|December 4, 2024

Storebrand Nordic Real Estate Fund (SNRE) has achieved another milestone with its second strategic acquisition, a high-quality logistics property located in the Viared logistics hub in Borås, Sweden, from Kid and Fabritius. This latest investment further solidifies Storebrand’s Nordic growth ambitions within the core-plus segment. Roschier represented SNRE in the acquisition.

The property, Solskenet 5, totaling 57,483 sqm situated in the Viared logistics area in Borås, is built in two phases. The first phase of 25,702 sqm was completed in 2023 and the second phase of 31,781 sqm is completed early 2025. The property is single-let on a 20-year lease agreement to Kid International Logistic AB, part of KID ASA which is publicly listed on the Oslo Stock Exchange. Noteworthy features include exceptional load-bearing floor capacity, floor-to-ceiling height, an Autostore automation facility and expansion potential through an unused building right. 

SNRE’s Nordic core-plus strategy encompasses Sweden, Norway, Denmark and Finland, focusing on a multisector approach. Storebrand Real Estate manages a €8bn real estate portfolio, consisting of 250 buildings and more than 2 million sqm of lettable area.

Roschier’s advisory team comprised Lisa Hybbinette, Chrissa Karambotis, Lilian Vo, Anton Widlund, Oscar Palmqvist, Veronica Stiller, Adrian Hallström, and Camilla Magnusson.