On March 27, 2025, Ontario Teachers’ Pension Plan Board completed the acquisition of a 92,000 sqm pan-Nordic logistics portfolio from funds managed by Blackstone and its logistics platform, Logicor. The portfolio includes five fully leased, high-quality assets—three in Sweden (Stockholm and Gothenburg) and two in Denmark (Copenhagen)—tenanted by leading logistics and distribution operators. This transaction marks Ontario Teachers’ Real Estate’s entry into Denmark and follows its initial logistics investment in Sweden in 2023.

The acquired properties are Slipskivan 6 (Lanna), Ostergarde 31:21 (Sorred), Arendal 1:8 (Arendal), Ventrupvej 27 (Greve), and Litauen Alle 6 (Taastrup). The acquisition was executed in partnership with Fokus Nordic, Ontario Teachers’ local operating partner, as part of a broader strategy to build a diversified, institutional-grade logistics portfolio across the Nordics focused on well-located, high-demand assets.

Ontario Teachers’ was advised by Gernandt & Danielsson, Accura, EY, and WSP. Gorrissen Federspiel acted as legal advisor to Blackstone and Logicor on the transaction. The deal value was not publicly disclosed.