Savills Investment Management, acting on behalf of its Nordic Logistics Club Deal fund, has sold a logistics property in Hyvinkää, Finland, to a fund managed by Swiss Life Asset Managers Nordic.
The property serves as the central warehouse for Ahlsell, a leading Nordic technical wholesaler, which has leased the facility since its construction in 2002. Over the years, the state-of-the-art logistics center has undergone several upgrades and expansions. The most recent extension, completed in 2024, added approximately 11,000 square meters of new storage space, increasing the total lettable area to 47,000 square meters.
Strategically located near the Tampere motorway, the facility benefits from excellent visibility and is approximately 50 km north of Helsinki, making it a prime site for logistics operations. The property is equipped with modern features, including strong floor bearing capacity and a free ceiling height of 9 meters, ensuring optimal functionality for its tenant.
Sustainability has been a key focus in the property’s development. It utilizes on-site solar power and renewable district heating, contributing to its energy efficiency. These efforts were recognized with BREEAM Excellent certifications in both BREEAM New Construction and BREEAM In-Use.
Ahlsell played a significant role in the latest development phase, demonstrating its long-term commitment by signing a new 15-year lease. This agreement underlines the site’s operational stability and Ahlsell’s pivotal presence in the Nordic distribution market.
The property’s ownership history also highlights its prominence. Originally acquired by Savills Investment Management from NRP, which is currently part of Swiss Life Asset Managers, the site has been a cornerstone of logistics infrastructure in the region.
Ahlsell Group, a major player in the HVAC, electrical, and construction sectors, operates nearly 300 locations across the Nordic and Baltic regions. The company employs approximately 7,500 people and generates annual revenue of around €5 billion. Its majority owner is the international investment firm CVC Capital Partners.
JLL was Savills Investment Management’s commercial advisor in the transaction.