Logistics Warehouse |
Greve, Denmark
Logistics warehouse south of Copenhagen which is strategically located on the E20 motorway along the main corridor between Germany and Sweden.
Key Facts
Industrial & Logistics
Core Plus
Sold
8,500 sqm
lettable area
Prime
regional location
2021
disposal
About the asset
- Logistics warehouse south of Copenhagen let to multinational logistics operator during holding period.
- Urban logistics strategically located on the E20 motorway along the main corridor between Germany and Sweden.
- Triple net lease, long WAULT of 13 years at acquisition in 2014.
- During 2019, tenant required additional space on site and requested to extend the building by 1,824 sqm plus additional 1,824 sqm mezzanine – totalling 3,648 sqm.
- Asset management negotiated terms to finance the extension in exchange for a significant rental increase of 60%.
- Asset was disposed in 2021 in a portfolio deal, realising a positive return for our investors.
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