Sign up for free newsletter



M&G European Property Fund looks to Sweden for latest acquisition

The M&G European Property Fund has completed the SEK224m (EUR25.6m) acquisition of a logistics facility from NCC Property Development at the Port of Gothenburg in Sweden.

The fund is managed by David Jackson and Rob Tidy of Prupim, the real estate fund management arm of M&G.
The 26,000 sq m property, has recently been constructed, and is fully pre let on a long-term lease to Amring (Amerikanska Ringdepoten AB). It will be eco-classified as ‘Very Good’, according to the BREEAM international environmental certification system.
Visited by more than 11,000 ships every year, the Port of Gothenburg is the largest port in Scandinavia and is considered Sweden’s best distribution location, offering routes to over 130 destinations around the world.
Tidy says: “We are very pleased to have acquired this high quality asset located in the number one logistics location in the Nordic region, which is fully aligned with current fund strategy targeting defensive income streams in the stronger Northern European economies.”
The M&G European Property Fund was advised by Jones Lang LaSalle.

4 days 18 hours from now - Cape Town
4 days 18 hours from now - London
4 days 18 hours from now - New York
1 week 2 days from now - Melbourne
1 week 3 days from now - Zurich
Thu, 10/11/2016   - London
Tue, 22/11/2016   - London
Mon, 28/11/2016   - London
The Gemini Companies
Mon, 17/10/2016 - 12:51
FundCount LLC
Tue, 04/10/2016 - 10:30
Thu, 29/09/2016 - 21:25
other gfm publications