URBZ Capital Expands Gothenburg Platform with Strategic Acquisition and Leasing Success
URBZ Capital (“URBZ”), on behalf of Ivanhoé Cambridge, the real estate group of CDPQ, is pleased to announce the strategic acquisition of a 13,000 sqm site in Arendal, Gothenburg, reinforcing its commitment to the Swedish market. This transaction follows the acquisition of two adjacent logistics facilities in the Gothenburg harbour last year and represents the continued expansion of URBZ’s Nordic platform.
The site was acquired on a partly vacant basis and immediately activated through a new lease with Nordicon Terminals, URBZ’s existing customer and one of the leading logistics operators in the region. This move facilitates Nordicon’s growth within the Arendal cluster, adjacent to the container terminal, and exemplifies URBZ’s hands-on asset management approach to driving value through tenant collaboration.
Simultaneously, URBZ has renegotiated and extended Nordicon’s lease at Förådsgatan 18, where they will now occupy the full 16,000 sqm facility under a long-term agreement. By pro-actively reopening the lease and securing current market rents, URBZ has significantly enhanced asset value while delivering a bespoke solution for Nordicon’s consolidation operations.
Capital expenditure works are planned at Förådsgatan 18 to align the asset with URBZ’s high ESG standards. The renovation will future-proof the building and further strengthen its role as a central hub for Nordicon’s Nordic operations.
“Our expansion in Arendal is a natural next step for Nordicon as we continue to scale our operations in the Nordics. The partnership with URBZ has been instrumental in enabling this growth—both through strategic leasing and the shared vision for upgrading our core facility,” said Emil Carlström Berntsson, CEO of Nordicon Terminals.
“This transaction reflects exactly how we like to work: decisive acquisitions, immediate leasing, and active asset repositioning in close alignment with our tenants. Sweden is a key market for us, and this project demonstrates our team’s ability to execute and create long-term value in a very short time frame,” said Jeroen in den Kleef, Portfolio Manager at URBZ Capital.
URBZ would like to thank DLA Piper and Sweco for their trusted support throughout the process.
