European independent real estate investment firm Blackbrook Capital has acquired a 42,000 m2 cross-dock logistics facility near Copenhagen in its second transaction in the Danish market.
The asset is fully leased on a long term basis to the Danish freight company, Danske Fragtmænd. Located in a prime industrial location west of Copenhagen city centre, the facility has been subject to substantial capex improvements in recent years and was most recently expanded in 2020.
The transaction price was not disclosed.
‘The fundamentals for this asset were compelling; a rare opportunity to secure a large logistics site in a prime Copenhagen location and in line with replacement cost,’ commented Arvi A. I. Luoma, co-founder & CEO of Blackbrook. ‘We expect that increased demand for this type of real estate will ensure asset value preservation for the long-term. This acquisition is perfectly aligned with our core strategy of investing in high-quality industrial net lease real estate across Europe.’
Blackbrook was advised by Lundgrens, CBRE, NIRAS and E&Y.
