Located in Greve, just 25 km from Copenhagen, Ventrupparken 3-5 is currently fully let on a long-term basis and is situated on a large parcel in the premier logistics location in Denmark with close proximity to the E20 highway. The destination is a magnet for key international tenants such as Flying Tiger, H&M, L'Oréal and Aldi, and others.

In addition, The Fehmarn Belt Tunnel, currently under construction, is due to be operational in 2028 and will further strengthen the area. This will become the world’s longest rail and highway tunnel (20km) linking Denmark and Northern Germany, reducing travel time between Copenhagen and Hamburg to just 2.5 hours, further propelling the site as a key logistics hub. 

James Robson, Senior Managing Director – Nordics, at Hines, commented:

“We are very pleased with the acquisition of Ventrupparken 3-5. It’s rare to find a logistics asset and site of this scale in such a central location. The planned Fehmarn Belt Tunnel will provide even greater connectivity to the rest of Europe and will strengthen Copenhagen’s position as the preeminent logistics hub in the Nordics. Furthermore, this acquisition demonstrates our commitment and capability to source off market deals and we will continue to seek out opportunities, such as this, across the region.”

This acquisition marks HECF’s seventh logistics purchase, aligning with its ongoing strategy to increase exposure to urban logistics assets in key, centrally located, European locations with strong long-term growth prospects. It represents the latest in a string of logistic deals which include Wroclaw in Poland, and the assets in Heathrow and Dartford in the Greater London metropolitan area. 

Simone Pozzato, Managing Director and Deputy HECF Fund Manager at Hines, said: 

“We continue to broaden our exposure to the urban logistics and industrial sector, and this is a key asset for our fund’s logistics aggregation strategy. Ventrupparken 3-5 is situated in a prime urban location with strong market fundamentals and has a major tenant in place on a long lease which marries with our strategy of targeting supply constrained locations, in major European cities, with attractive long-term growth prospects.”

Last month, HECF was recognised by the Pension Real Estate Association (PREA) as the best open-ended ESG fund globally adding to its Global Sector Leader recognition from Global Real Estate Sustainability Benchmark (GRESB).