11%
UK
Ge r m any
10%
Fr ance
Italy
2%
1%
Spain
44%
CEE
Sweden
5%
Nethe rlands
Other
11%
4%
12%
Industrial Investment by Market, 2010
Properties sale of 33 properties mainly located in Stockholm and
Malmoe comprising 368,000 sq. m, purchased by Hemfosa and
Sagax for MSEK 3,050.
Larger deals so far during 2011:
• Hemfosa purchased 44 industrial properties from Landic VI
(liquidation) located in Västerås, Sundsvall and other cities.
Total lettable area of approx. 300,000 sqm and a purchase
price of MSEK 2,364.
• Kungsleden acquired 36 properties from NR Nordic &
Russia Properties Ltd, 33 of which are located in Sweden,
one in Germany and two in Poland, for a purchase price
of approx. SEK 3.6 bn including transaction costs. Gross
leasable area of 825,000 sq. m, 93 percent of which is in
Sweden. Total rental value of SEK 563 m corresponds to a
property yield of about 10 percent.
• ElGiganten signed a sale and lease back contract with Ness
Risan & partner on one 96,000 sqm property in Jönköping
for a purchase price of MSEK 600.
• Sagax purchased the property Jordbromalm 3:10 located
in Jordbro, south of Stockholm from Northern Logistic
Partner ASA. The purchase price was MSEK 600 and the
total lettable area amounted to 94,000 sq. m.
• SAAB Automobiles property Propellern 8 in the city of
Trollhättan comprising 483,000 sq. m industrial premises
and approx. 1.65 million sqm land. The purchase constituted 50.1 percent of the real estate company and the pur-
chase price amounted to MSEK 255 corresponding to an
estimated market value of MSEK 600.
In Norway in 2010 there were 1,2 NOKbn of transactions. The
Norway logistics market is linked to less volatile consumer products as opposed to heavy industry and therefore less susceptible to
economic fluctuations.
The length of unexpired term on leases particularly important
for yield levels and prices in industrial transactions. The prime
yields remained at 6.6 percent - but lower where lease period is
longer than 10 year.
Average rent 600-1000 but can be higher in particular regions.
Alnabru.e.g.Aspelin Ramm building let to Norsk Medisinaldepot
(43,000 m2) for 20 years, sold at 6.4 percent.
In the Benelux region demand remains down due to the economic conditions with no new speculative development planned.
Central and Eastern Europe
Poland has fared well with some 1.46 million sq m of space being
let in 2010 up on the 982,000 sq m in 2009 thus leading to a fall in
the vacancy rate to around 15.2 percent.
The Czech Republic has seen a growth in demand on 2009
driven by a lack of major speculative schemes undertaken in this
timeframe.
The Hungarian market saw take up of 210,000 sq m of speculative space in the Budapest market.
