The newly established company, Lindu Ejendomme, will actively look for last mile logistic and light industrial investment opportunities in Greater Copenhagen and Jutland’s best locations. Lindu has already built up a portfolio comprising of 10 such assets with a total GLA of around 58,000 sqm. Over the coming years, the platform is expected to grow by continued add-on acquisitions as well as strategic platform additions.
Greater Copenhagen is an interesting market due to the high demand for well-positioned last mile logistic and light industrial properties near the city, where strong urbanization and redevelopment of industrial areas into residential are clear trends. The strategy for further investments will include acquiring properties with development potential, and the repositioning of each asset to achieve a higher environmental rating is highly prioritized.
Brunswick has been present in the Danish market since 2020 with the opening of a local office and the appointment of Jes Rovsing as country manager. With the launch of Lindu, Jes Rovsing will transfer into an external strategic advisory role for Brunswick and Lindu. For the interim period Lindu will be supported by the wider Brunswick team in Stockholm, notably Anthony Romano and recent local hire Kasper Stagis Nielsen who joined the Brunswick team in May 2022, having recently worked at Newsec and Cushman & Wakefield | RED.
“We are happy to launch yet another real estate company together with Pictet, this time in the very interesting Danish market. I am specifically proud of Jes and the team’s tremendous effort in sourcing, screening, and completing the successful transactions that form the seed portfolio for Lindu, as well as establishing the local asset management model in Denmark. I look forward to seeing Lindu develop even further with our great team in place,” says Patrik Andersson, CEO of Brunswick.
”Despite market uncertainty, we have strong conviction in the underlying real estate fundamentals of the Danish last mile logistics sector. We remain committed to growing this programme to significant scale with our partners at Brunswick,” says Charlie Baigler, Head of Acquisitions for the Direct Real Estate programme at Pictet.