Newly founded South Bay acquires modern logistics property in Malmö – now fully leased  

The newly established company South Bay has, shortly after its inception, completed its first acquisition of a newly constructed logistics property of 44,000 sqm with a strong environmental profile in Malmö. During the process, South Bay and the seller MG Real Estate collaborated closely to further develop the technical specifications and lease out the remaining vacancy of approximately 7,500 sqm.

South Bay is a newly founded real estate investment firm focused on Nordic logistics assets, led in part, by former Nrep co-founder Rickard Dahlberg. The company’s founders have a long history of working together, bringing strong expertise and extensive experience in the Nordic real estate market.

“We are a close-knit team with complementary skills, a long history of collaboration, and a shared vision of value creation, which is likely the reason we have successfully established ourselves and completed our first acquisition in such a short time. We aim to be an active investor with agile decision-making in the Nordic logistics market, where we see that the long-term positive trend for modern logistics remains intact,” says Rickard Dahlberg, CEO and Partner.

The property, now fully leased, is located in Norra Hamnen, Malmö, a growing logistics hub within the Öresund region. Developed with a strong environmental profile, the property meets Energy Class A standards and is certified according to BREEAM Very Good, aligning with the company’s strategy to acquire and develop sustainable properties. Solar panels are planned for installation in 2025. The property is leased to tenants with a strong local presence who benefit from its strategic location.

“We act with agility and decisiveness, when we identify opportunities that meet our investment criteria—properties with strong technical specifications in future-proof locations where demand for modern logistics remains robust. We look forward to strengthening our partnership with MG and supporting our new tenants in their growth journeys. We are actively seeking investment opportunities, including new developments and redevelopments, offering value-adding potential, that we believe require local expertise and market knowledge to achieve a more attractive return profile,” says Felix Paljak, CIO and Partner.

South Bay was advised by Real Advokatbyrå, Svalner, Structor and BMGB in the transaction, while the seller was advised by CBRE and Vinge.

For further information, please contact:

Felix Paljak, CIO
+46 73-546 66 32
[email protected]