The asset was acquired on behalf of one of its separate account clients from developer MG Real Estate. This acquisition follows upon the acquisition of two retail assets in Ghent and Mechelen (Belgium) from the same developer in July 2015.
 
The 8,799 sqm newly built Grade A property is located at Copenhagen Airport. It is fully leased to Fed Ex on a long-term lease, and has direct access to the freight airplane staging.
 
Commenting on the transaction, Jeroen de Grunt, Portfolio Director, Separate Accounts Continental Europe, CBRE Global Investors said: “We have acquired an asset that has a unique airport location with excellent accessibility to railway and highway. It has also been built to the highest technical standard.”
 
“The asset fits our client’s portfolio strategy to enhance the direct return, and to further increase its logistics exposure in the main European hotspots.”

Commenting on the transaction, Rik Eertink, CEO Nordics, CBRE Global Investors said: “This is our first acquisition in Denmark and means CBRE Global Investors now has full exposure to the Nordics, with investments in all four countries. We are aiming to execute additional acquisitions in the short-term in the Nordics and are actively scanning the market for that purpose.”