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AXA acquires Nordic logistics properties in major trade

A portfolio of 20 logistics properties and a total of 515,000 square kilometers across the Nordic region waves goodbye to an NREP fund, instead changing hands to asset manager AXA Investment Managers, which has clear growth ambitions in the region.

Photo: Styrelsen for Dataforsyning og Effektivisering

French asset manager AXA Investment Managers (AXA IM) has just acquired 515,000 square kilometers of logistics properties from NREP in Norway, Sweden, Finland and Denmark, parties inform AMWatch's Danish sister media, EjendomsWatch, in a statement.

"This is a rare opportunity to acquire a large, high-quality portfolio in one of Europe's fastest-growing logistics markets. The portfolio provides us with an attractive mix of increased income here and now, but in the long term as well," says John O'Driscoll, global head of investment at Axa IM, which is carrying out the purchase on behalf of its investors.

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