Ontario Teachers’ Pension Plan acquires 92,000 sqm prime logistics portfolio in Sweden and Denmark

• Ontario Teachers’ has completed the acquisition of a 92,000 sqm logistics portfolio from funds managed by Blackstone. The portfolio comprises three assets in Sweden and two in Denmark.
• The transaction marks the second acquisition by Ontario Teachers’ in the Nordic region, following its initial acquisition of a 121,000 sqm portfolio in Sweden in late 2023, and further strengthens its pan-European logistics portfolio which now comprises over €1.8 bn of logistics assets across all of the core European markets.
• The acquisition is undertaken together with Fokus Nordic, Ontario Teachers’ local operating partner.

Stockholm, 27 March, 2025: Ontario Teachers’ Pension Plan Board (“Ontario Teachers’”) has completed the acquisition of a 92,000 sqm logistics portfolio from funds managed by Blackstone. The portfolio consists of three high-quality assets in Sweden (Stockholm and Gothenburg) and two in Denmark (Copenhagen), all fully leased to leading logistics and distribution tenants. The acquisition marks Ontario Teachers’ Real Estate’s entry into Denmark and strengthens its growing logistics platform in the Nordics. The acquisition is undertaken together with Fokus Nordic, Ontario Teachers’ local operating partner.

The transaction represents the second acquisition by Ontario Teachers’, following an initial investment in Sweden in 2023. The aim is to build a diversified, institutional-quality logistics portfolio across the region, focusing on well-located assets that benefit from strong fundamentals and long-term tenant demand. The newly acquired assets are fully occupied with key portfolio highlights below:

• Total size: 92,000 sqm across five fully leased logistics assets
• Locations: Stockholm and Gothenburg in Sweden; Copenhagen in Denmark
• Assets: Slipskivan 6, Lanna; Ostergarde 31:21, Sorred; Arendal 1:8, Arendal; Ventrupvej 27, Greve, Litauen Alle 6, Taastrup.
  

Jenny Hammarlund, Senior Managing Director, Real Estate at Ontario Teachers’, said:

“This is a significant step in expanding our logistics footprint in the Nordics and further strengthens our pan-European logistics portfolio. By entering Denmark and scaling our presence in Sweden, we are reinforcing our commitment to high-quality assets in key logistics hubs. We’re delighted to be growing our portfolio which aligns well with our long-term investment strategy and offers opportunities to create additional value through active management.”

Tonny Nielsen, CEO at Fokus Nordic, said:

“We are very pleased to have completed our second transaction with Ontario Teachers’, which represents a successful cross-border effort from our teams in Stockholm and Copenhagen.” 

Ontario Teachers’ was advised by Gernandt & Danielsson, Accura, EY, and WSP.

About Ontario Teachers’

Ontario Teachers' Pension Plan Board (Ontario Teachers') is a global investor with net assets of $266.3 billion as at December 31, 2024. Ontario Teachers' is a fully funded defined benefit pension plan, and it invests in a broad array of asset classes to deliver retirement security for 343,000 working members and pensioners. For more information, visit otpp.com and follow us on LinkedIn.

About Fokus Nordic

Fokus Nordic provides professional advisory services within real estate investments to both Nordic and international investors. As one of the leading asset and investment managers in the Nordics, Fokus Nordic optimises the process of investing in and managing properties, maximizing value for our clients.

Across the Nordics we have more than €9 bn assets under management (AuM). We are well positioned in both Core, Core+, value-add investment strategies and our scale and extensive real estate know-how allow us to provide end-to-end solutions. For further information, please visit fokusnordic.com

Contact details

Ontario Teachers’
Henrietta Dehn/ Alisha Prakash
media@otpp.com

Fokus Nordic
Hedi Ibenfeldt
Chief Marketing Officer
hedi.ibenfeldt@fokusnordic.com  
+45 2447 0723