Round Hill Acquires Nordic logistics for USD200 million

United Kingdom: Round Hill Capital, a leading European specialist real estate investment and asset management firm, in partnership with StepStone Group Real Estate LP has acquired Nordic logistics and industrial portfolio for USD200 million. Nordic Logistics portfolio comprises of six aggregated portfolios holding 18 well located assets spanning approximately 326,000 sqm across Norway, Sweden and Denmark, and offers geographic and tenant diversification and strong covenants across a diversified mix of industries. DLA Piper was Round Hill’s legal advisor for the transaction.

Round Hill Capital is a leading European specialist real estate investment and asset management firm. Round Hill Capital has a reputation for successfully identifying and acquiring high quality European real estate. The portfolio of Nordic Logistics was acquired from a group of companies of NLI Eiendomsinvest AS, a real estate investment company based in Oslo, Norway

According to TechSci Research, the acquisition of Nordic Logistics would help in increasing the presence of Round Hill Capital in European Cold Chain market. Moreover, the acquisition would also help the company in diversifying its product portfolio in the European market.

According to a recently published report by TechSci Research, “Global Cold Chain Market Forecast & Opportunities, 2020”, global cold chain market is expected to grow at a CAGR of over 11% during 2015-20. Currently, global cold chain market is fragmented, with a large number of players operating in the market. However, a number of mergers and acquisitions have been witnessed over the past decade. This trend is expected to continue over the forecast period, owing to which the market is moving towards consolidation in coming years. In terms of revenue contribution, North America captured the largest market share in 2014, and is expected to retain its dominance in global cold chain market over the next five years. Major players operating in the market include AmeriCold Logistics, Lineage Logistics, APL Logistics, Swire Group, Oxford Cold Storage, VersaCold, and Burris Logistics, among others.