Allianz Real Estate adds newly built Swedish logistics facility to its growing Nordics portfolio

Stockholm | Munich, 03/24/2022

Allianz Real Estate, acting on behalf of several Allianz group companies, has acquired a new, Grade A, 70,000 sqm logistics facility in Norrköping, Sweden, for approx. EUR 85 million from Infrahubs, a leading Swedish logistics developer.


The newly completed asset is located in the logistics ‘golden triangle’ connecting the four Nordic capitals of Copenhagen, Oslo, Helsinki and Stockholm. It is situated in a strategic micro location in Norrköping, with a major motorway, harbor, rail connection and airport all within a 15-minute drive. It is fully let to prime tenant PostNord on a long-term lease.

In addition, the facility’s roof will be covered with 55,000 sqm of solar panels, one of the largest such expanses of panels on a building in Sweden, with excess energy to be fed into the grid. This installation will align the facility to the Carbon Risk Real Estate Monitor (CRREM) decarbonization pathway, supporting the Allianz Real Estate’s target to reduce carbon emissions across its portfolio by 25% by 2025 and be carbon net-zero by 2050.

The acquisition in Norrköping adds further size and momentum to Allianz Real Estate’s Nordics portfolio, which is approaching EUR 2 billion in assets under management (AUM), and to the firm’s global logistics allocation. Its sector portfolio grew to EUR 11.6 billion in AUM as at the end of 2021, up 32% year-on-year, with EUR 5.8 billion in European logistics assets.

Recent sector deals include its sixth acquisition in Italy, announced in March 2022, which brought total assets under management in its Italian Logistics Fund to more than EUR 500 million, and a 50/50 joint venture with logistics specialist VGP.


Thomas Villadsen, Director Nordics & CEE at Allianz Real Estate

Thomas Villadsen, Director Nordics & CEE at Allianz Real Estate

Thomas Villadsen, Director Nordics & CEE at Allianz Real Estate, said: “The Swedish logistics market, the largest in the Nordics, is undergoing major structural changes given rapid digitalization and e-commerce uptake. The Nordic logistics markets offer great investment opportunities, with Copenhagen, Helsinki and Stockholm in particular experiencing dynamic yield compression.”


Annette Kröger, CEO of North & Central Europe at Allianz Real Estate

Annette Kröger, CEO of North & Central Europe at Allianz Real Estate

Annette Kröger, CEO of North & Central Europe at Allianz Real Estate, said: “This latest acquisition is further testament to our high-conviction stance towards logistics as an investment sector and our cross-sector approach to ESG. It also illustrates, following our residential joint venture with Heimstaden last year, our desire to build our Nordics real estate footprint given the attractive investment fundamentals the region continues to offer.”

Tagged with:

Logistics Europe

Press Contact:

Phillip Lee
Phillip Lee
Senior Marketing & Communications Manager

When introducing a property investment opportunity to PIMCO Prime Real Estate you acknowledge that we are under no obligation to accept your introduction or enter into any agreement with you. Fees, commission or other payments in respect of introductions shall only be payable where there is a signed written agreement to that effect entered into between PIMCO Prime Real Estate and the introducer. By submitting an introduction to PIMCO Prime Real Estate you shall be deemed to have accepted the aforementioned terms.

"PIMCO Prime Real Estate” is a PIMCO company that includes PIMCO Prime Real Estate GmbH, PIMCO Prime Real Estate LLC, and their subsidiaries and affiliates: PIMCO Prime Real Estate GmbH (Company No. 158768, Seidlstrasse 24–24a, 80335 Munich, Germany), PIMCO Prime Real Estate GmbH Belgium Branch (VAT No. BE 0841.512.711, Boulevard Roi Albert II, 32, 1000 Brussels, Belgium), PIMCO Prime Real Estate GmbH France Branch (SIRET No. 509 339 669 00053, 50-52 Boulevard Haussmann, 75009 Paris, France), PIMCO Prime Real Estate GmbH Italy Branch (Numero REA MI-2107576, Piazza Tre Torri, 3 20145 Milano, Italy), PIMCO Prime Real Estate GmbH Spain Branch (NIF W2760686B, Paseo de La Castellana, 200 Edificio Spaces, 28046 Madrid, Spain), PIMCO Prime Real Estate GmbH Sweden Branch (VAT No. SE516411865401, Norrlandsgatan 18, 111 43 Stockholm, Sweden), PIMCO Prime Real Estate GmbH UK Branch (Company No. FC036236, 11 Baker Street, London W1U 3AH, United Kingdom), PIMCO Prime Real Estate Asia Pacific Pte Ltd (UEN 202000233H, 12 Marina View #17-02 Asia Square Tower 2, Singapore 018961), PIMCO Prime Real Estate (Shanghai) Co, Ltd (Company No. 91310115MA1K4KBT0L, 479 Lujiazui Ring Road​, Shanghai Tower, Pudong New District ​, Shanghai 200120​, People’s Republic of China​), PIMCO Prime Real Estate Japan GK (Company No. 0104-03-022895, 1-6-2 Marunouchi, Chiyoda-ku, Tokyo 100-0005, Japan), PIMCO Prime Real Estate LLC (File No. 5234055, 1633 Broadway, New York, NY 10019-6999, USA). PIMCO Prime Real Estate LLC is a wholly-owned subsidiary of Pacific Investment Management Company LLC, and PIMCO Prime Real Estate GmbH and its affiliates are wholly-owned by PIMCO Europe GmbH. PIMCO Prime Real Estate GmbH operates separately from PIMCO. PIMCO Prime Real Estate LLC investment professionals provide investment management and other services as dual personnel through Pacific Investment Management Company LLC.

PIMCO Prime Real Estate is a trademark of PIMCO LLC and PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world.