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Areim’s and VGP’s joint venture closes its first acquisition in Europe

25 April 2024

The Nordic fund manager and property owner Areim and VGP, a supplier of high-quality logistics and semi-industrial real estate, have closed their first acquisition through their 50:50 joint venture. The acquisition consists of 17 assets in ten different logistics parks across Germany, the Czech Republic and Slovakia. The total area amounts to 450,000 square meters of gross lettable area and is fully let.

“We are delighted to announce our first acquisition in this joint venture. The portfolio consists of modern and sustainable logistics assets with characteristics and locations we believe are just right for now and for the future. We have worked closely with VGP to identify the portfolio and execute the acquisition and we look forward to the continued collaboration”, says Erik Vikbladh, CIO and partner at Areim.

The joint venture, focusing on investments in prime logistics in Europe, targets EUR 1.5 billion in gross asset value and will invest mainly in Germany and France, but also in the Czech Republic, Slovakia, and Hungary. The portfolio will consist of sustainably secured logistics assets in strategic locations with VGP acting as asset and property manager.

“With over 20 years of experience as an operating partner, joint venture partner, and fund manager, we have great respect for the local knowledge needed in different markets, and the need for thorough underwriting, capital allocation, and managing regulatory issues. Together with VGP, we aspire to build a future-proof and sustainable logistics portfolio, hoping to bring lasting value. We see this new venture as a great opportunity to continue to build our knowledge in different sectors and geographies while retaining a humble and modest approach, expanding our platform step by step”, says Erik Vikbladh.

The financing of Areim’s share in the joint venture comes from a recently closed fund, Areim Pan-European Logistics Fund, which was closed with EUR 500 million in committed capital, raised from international institutional capital.


For more information, please contact: 

Erik Vikbladh
CIO, partner
+46 73 397 64 24

Helena Skarle
Head of Communications
+46 733 67 66 82

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