Commercial Real Estate Denmark P/S (“CRED”), an open-ended fund owned by the Danish pension funds TDC Pensionskasse, P+, Pædagogernes Pension, and Lægernes Pension, along with other investors, has successfully completed the sale of two last mile logistics properties in Brøndby, Greater Copenhagen.

The two properties, located at Priorparken 400 and Priorparken 849, encompass approximately 30,900 sqm and 8,700 sqm, respectively. Positioned within the secure commercial area of Priorparken, these assets provide direct access to the E47 highway, ensuring efficient connectivity to Copenhagen and the broader European transport network.

CRED has owned the properties since 2006, with fund and asset management services provided by Fokus Nordic. The structured sales process was expertly managed by Nordanö, resulting in the successful acquisition bythe buyer.

This divestment is in line with CRED’s strategic focus on optimizing its portfolio, which is predominantly centered around office properties. For the buyer, this acquisition represents a strategic expansion of its operations within the Greater Copenhagen area, further strengthening its presence in the region.

Jacob Kjær, Partner & Head of Denmark at Nordanö, remarked: 'The completion of this transaction through a meticulously structured sales process highlights the growing importance of the last mile logistics market. Both Commercial Real Estate Denmark and the buyer are set to gain strategic advantages from this deal. It reflects our deep understanding of market dynamics and our ability to align the interests of both buyer and seller in this crucial sector”.

CRED was advised by Nordanö (transaction advisor), Accura (legal), Fokus Nordic (asset management services), Deloitte (tax and finance), and COWI (technical).