Savills Investment Management, the international real estate investment manager, has sold a logistics portfolio consisting of four assets in Kolding and Greve near Copenhagen on behalf of its Nordic Logistics Fund. Macquarie Asset Management acquired the portfolio on behalf of its European logistics real estate fund. The purchase price was not disclosed.

The assets have a total lettable area of circa 77,500 sqm and benefit from excellent access to the main motorways E20 from Copenhagen via Odense to Esbjerg and the E45 from Flensburg on the German border to Aalborg and Frederikshavn. All four assets are fully let to the Danish 3PL operator DSV Prime Cargo.

The Savills IM Nordic Logistics Fund is a club deal on behalf of German institutional investors launched in 2014 as a German real estate special fund. At launch, the fund acquired a logistics portfolio which comprised 11 assets in Sweden, Denmark, Finland and Norway. Since then, a further asset in Sweden was acquired and two assets were sold, one in Norway and most recently a logistics complex in Torsvik, Jönköping in Sweden, for circa EUR 141.6 million.

Savills IM currently manages properties in the Nordics with a total value of c. EUR 1.5 billion.

Savills IM was advised by Bruun & Hjejle (legal) and CBRE (commercial)in the transaction.