URBZ Capital announces two last mile transactions in Sweden and the Netherlands
On behalf of Ivanhoé Cambridge, the real estate group of CDPQ, URBZ Capital (“URBZ”) is pleased to announce the acquisition of two new last mile facilities in Gothenburg and a disposition in Rotterdam.
In Gothenburg, URBZ acquired two highly reversionary last mile assets totalling 27,866 square meters of logistics space situated on 46,399 square meters of prime freehold land. These facilities are strategically located within a core micro-market in Arendal, benefiting from prime (intermodal) harbour infrastructure as well as short driving times to Gothenburg city centre. The facilities are scheduled for renovation in the medium term to ensure they meet the URBZ Standard®, which is focused on key social, sustainable and technological standards.
In Rotterdam, URBZ completed the opportunistic sale of a 13,675 square meters retail warehouse to an owner-occupier. Initially intended for redevelopment into a last mile logistics facility, the sale yielded significant outperformance relative to carrying valuation and business plan.
These strategic moves underscore Ivanhoé Cambridge and URBZ Capital's dedication to optimizing their last-mile portfolio, ensuring strong returns and making sure to remain well-positioned to meet the evolving demands of the market while maintaining a strong focus on sustainability and operational excellence.
As a real estate boutique, URBZ focuses on creating CO2 neutral and societally accretive last mile urban real estate in key cities in the Netherlands, Germany, the United Kingdom and Sweden. URBZ sees the most immediate need for sustainable solutions in the cities with high population densities and which experience favourable consumption and demographic growth. In order to address the customers’ challenges and to meet tomorrow’s needs, URBZ aims to support the new last mile supply chain by providing well-designed urban logistics real estate.
We would like to express our gratitude to our trusted partners for their support throughout the process: JLL (Sweden), Nordic Gatekeepers (Sweden), DLA Piper (Sweden), WSP (Sweden) and AKD Lawfirm (The Netherlands).
