Nordsten Development and BlackRock Real Assets to acquire the industrial property from Kilenkrysset.

Nordsten Development, a property developer, and BlackRock Real Assets to acquire the industrial property from Kilenkrysset, a privately owned real estate group. Financial terms were not disclosed. "We now look forward to working with Nordsten Development to develop this logistics property with several important sustainability functions such as solar panels, highly efficient climate shells, BREEAM certification and other sustainable and efficient building solutions," Thorsten Slytå, BlackRock Real Assets Managing Director.