Setterwalls advised Areim in 110,000 sqm acquisition

Areim has acquired a portfolio of 33 light industrial properties across Greater Stockholm and Uppsala, comprising approximately 110,000 sqm of lettable area. The acquisition is Areim’s largest within the segment to date and is aligned with the strategy for its growing portfolio, as well as the company’s long-term focus on urban light industrial assets.

The portfolio comprises light industrial properties suited to a broad mix of tenants, geographically concentrated in established and strong submarkets across Greater Stockholm and Uppsala. The portfolio includes around 135 tenants, primarily small and medium-sized enterprises, as well as large listed companies. The properties are strategically located with strong accessibility and direct connections to major motorways.

“The acquisition marks an important step in the development of our light industrial platform. The diversified tenant base provides stable demand over time, while the scale and development potential of the portfolio create strong conditions for continued growth alongside our tenants,” says Kristoffer Ultenius, Investment Director at Areim.

The sellers of the portfolio are Urban Partners and Invela. Closing took place on 1 June.

The strategy behind Areim’s growing light industrial platform in Sweden Following this acquisition, Areim’s Swedish light industrial portfolio comprises more than 140 properties with approximately 540,000 sqm of lettable area across Greater Stockholm, Uppsala, Västerås, Linköping, and Norrköping. The composition of the portfolio enables a broad offering of premises in various sizes and locations, tailored to a wide range of business operations. The portfolio also includes a significant volume of building rights as well as ongoing development, enabling growth in line with tenant demand.

”Businesses operating in the light industrial sector play a vital role in society today. As urbanisation, digitalisation, and evolving logistics flows continue to drive demand for efficient infrastructure, we take a long-term approach to developing these areas and place great emphasis on understanding our tenants’ business models and future needs. This is at the core of our strategy and a key driver of both tenant loyalty and long-term value creation across our portfolio,” says Louise Bruneheim, Head of Asset Management Light Industrial Sweden at Areim.

Areim prioritises investments that enhance functionality, efficiency, and long-term performance through, among other things, upgrades to technical systems and energy efficiency improvements. In this way, Areim strengthens the long-term competitiveness and sustainability of its properties, while supporting tenant operations and the broader societal functions they serve.