Kid and Fabritius sell newly built central warehouse in Borås, Sweden, for over SEK 600 million

Kid and Fabritius, through their 50/50 jointly owned project company, have sold a newly developed logistics facility in Borås, Sweden to a fund managed by Storebrand Asset Management. The transaction value exceeds SEK 600 million. The entire property is leased to Hemtex/Kid.

Kid and Fabritius collaborated to develop this state-of-the-art logistics facility, spanning approximately 57,000 square meters. Designed to support Hemtex and Kid’s operations, the facility will serve all their stores across the Nordics and Baltics, as well as their expanding e-commerce presence in Germany and Europe.

Located in Borås, 45 minutes north of Gothenburg, the property comprises 585,000 cubic meters of volume on an 89,000 sqm plot. The lease agreement with Kid/Hemtex extends for over 20 years, with rent set below the estimated market level.

The building is being developed in two phases, with the second phase set to be completed in January 2025. Situated in the Viared area of Borås, a prominent logistics hub, the facility offers excellent infrastructure, including rail connections and proximity to highways E4 and E6. Landvetter Airport is 25 minutes away, and Gothenburg Port is a 45-minute drive.

The facility features a ceiling height of 12 meters, 40 docking doors, and energy-efficient designs certified under Miljöbyggnad Silver. Solar panels on the roof supply a significant portion of the building’s energy needs.

• Erik Stensli, CEO of Fabritius:
  “We know Kid/Hemtex well, and it is gratifying to see that the project with Kid has been highly successful for all parties involved. The sales process clearly demonstrated the strong appeal of this property's quality, location, and tenant. We received considerable interest, with well over 10 bids from Nordic and international buyers. We are very pleased with Storebrand as the buyer, who secured the deal in strong competition with other highly reputed bidders”
• Anders Fjeld, CEO of Kid:
  "The Borås facility is a significant step forward for Kid, as it consolidates all logistics and distribution functions within the group into one large, efficient, and custom-built central warehouse. The property is designed for growth and features a high level of automation, including a large AutoStore system. Our collaboration with Fabritius has been excellent, as we complement each other very well. Selecting Storebrand as the buyer was important, particularly because we wanted a long-term and solid owner, with whom we already have a strong relationship. It is especially gratifying that Storebrand also offered the highest price"
• Henrik Bastman, Fund Manager, Storebrand Nordic Real Estate:
  “We are very pleased to have acquired this high-quality logistics facility in a prime location. We greatly appreciated the smooth transaction process with Kid and Fabritius as the sellers, and we now look forward to maintaining a strong and long-term relationship with Kid and Hemtex as tenants”

Colliers Norway and Sweden acted as advisors and brokers for Kid and Fabritius, while Føyen served as legal counsel for the seller in the transaction

Contact Information
Anders Fjeld, CEO, Kid (+47) 996 32 121 | anders@kid.no
Erik Stensli, CEO, Fabritius (+47) 951 42 670 | erik.stensli@fabritius.no
Henrik Bastman, Fund Manager, Storebrand Nordic Real Estate (+46) 703 80 10 24 | henrik.bastman@storebrand.no