Roschier represented Tritax EuroBox in the acquisition of land for a development project in Malmö
Pan-European listed investor Tritax EuroBox has acquired a 95,000 sqm site for a development project in Malmö, Sweden. The seller was Atria Group, a leading Scandinavian food processing group. Roschier represented the buyer in the transaction.
The acquisition price for the existing asset is SEK 223 million and the value of the scheme on completion is expected to be over SEK 1.2 billion.
The development will be carried out in partnership with the Nordic developer MIGS. Upon completion of the development, the 95,000 sqm site will support construction of over 60,700 sqm of prime logistics space, with an aggregate rental value expected to be in excess of SEK 46 million per annum.
Tritax EuroBox owns and manages sustainable continental European logistics real estate.