Southbay and Nrep have formed a strategic joint venture to develop logistics properties in Sweden, beginning with a major brownfield investment in Malmö.

Target Information

Southbay and Nrep, two prominent players in the real estate sector, have formed a strategic joint venture aimed at developing logistics properties in Sweden, starting with a brownfield project in Malmö. This partnership is built on a longstanding relationship and merges Nrep’s established logistics expertise with Southbay’s innovative approach, promising a unique advantage in the competitive logistics market.

The joint venture, led by Matthias Kettelhoit, former CEO of Logicenters, aims to leverage the extensive experience of its team to develop modern and sustainable logistics facilities. The venture's initial objective is to create a portfolio of properties valued at approximately SEK 3 billion, targeting the evolving needs of the logistics industry.

Industry Overview in Sweden

Sweden's logistics sector plays a critical role in the Nordic economy, acting as a vital conduit for trade and commerce across the region. The country boasts an advanced infrastructure, including a well-developed

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Nrep

invested in

Southbay

in 2024

in a Joint Venture deal

Disclosed details

Transaction Size: $288M

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