CBRE Global Investors has acquired the logistics property on behalf of a discretionary foreign investor. The property is located on a leasehold site with ‘first line’ access directly to the air cargo area and runways. The property covers an area of 11,669 square meters and will be expanded within the next three years with additional 3,700 square meters of terminal area.

CBRE was commissioned to selling the property in a narrow-structured sales process.

WFS is the largest independent air cargo operator worldwide with operations in 179 airports in more than 20 countries. WFS has owned the property since 2006 and has continually extended the building with e.g. a new specialised cold storage for handling pharma products in September 2019.

The property constitutes an important location in the WFS international network of airport operations, but in most other countries they do not own their properties. Therefore, it is a natural decision to sell the property and enter into a long-term cooperation with a professional real estate investor that has extensive experience within this field.

Both the seller and the buyer are very satisfied with the deal and look forward to a long-term cooperation. In addition to CBRE, the law firm Lundgrens assisted the seller with this transaction, and Kromann Reumert assisted the buyer. The buyer, CBRE Global Investors, already owns the neighbouring property, which was acquired in 2015 and has FedEx as tenant. CBRE Global Investors is one of the world's largest real estate investors with USD 113 billion in asset under management. CBRE Global Investors continues to have a strong appetite for logistics properties in Denmark, among others.