The property has an optimal location in Kolding by the highway intersection E45/E20.

Lars Hansen, Investment Manager with NREP, comments:

“We are very satisfied with the acquisition of the property, which has a great location, high clearance warehouse and very easy access from the highway, in line with our strategy to develop and acquire modern logistics properties. Furthermore, we look forward to a new, long-term co-operation with VELUX A/S as tenant.”

Rickard S. Dahlberg, Co-CIO of NREP, further adds:

“Logistics is one of NREPs preferred strategies with solid operational fundamentals. With this transaction, NREP once again proves the benefit from a wide local network enabling us to source transactions. It is of great importance to NREP to maintain our long, strategic relationships with tenants and participants in the logistics industry.”