The building was completed in 2024 and comprises approximately 35,600 sqm of modern logistics space. The property is fully leased to ICA and Twist shake on long-term leases. ICA is one of Sweden’s largest grocery retailer and accounts for the majority of the rental income, while Twist shake is a market-leading company within baby products, originating from Västerås.
The transaction represents Southby’s seventh investment and strengthens the portfolio’s cash-flow profile through stable, inflation-protected income from tenants with clear growth prospects. The portfolio is concentrated in strong locations within the Swedish logistics triangle, in markets where the supply of new stock has been balanced relative to demand.
–We are deepening our presence in the growing city of Västerås, in line with our strategy of focusing on the right products in locations characterised by strong tenant demand. We welcome our new tenants ICA and Twist shake and also look forward to further developing our collaboration with MG, says Felix Paljak, CIO and Partner at Southbay.
The property is located in the Hacksta industrial area in Västerås, a clearly growing logistics hub with strong roots in Swedish industry and the food sector. The area’s excellent transport links and proximity to both central Västerås and the port create favourable conditions for modern and efficient logistics. The property is located close to Southby’s other development project in the area, which will be completed after summer 2026, where approximately 12,600 sqm will be available for lease to tenants requiring rapid occupancy.
Southbay was advised by Real Advokatbyrå, while the seller was represented by Savills, CBRE and Morris Law.
For further information, please contact:
Felix Paljak, CIO
+46 (0)73-546 66 32
[email protected]