Blackbrook Capital, a newly launched European real estate investment firm, has acquired its first asset.
Blackbrook said it has paid an undisclosed sum to buy a last-mile logistics facility in the capital region of Denmark near Copenhagen.
The facility is mostly leased to Danish logistics company Danske Fragtmænd.
This acquisition marks the first deal for Blackbrook’s which was launched in March this year. The company received more than €1bn capital commitments from Eldridge Industries.
The London-headquartered firm’s primary focus is on industrial assets including logistics, light manufacturing, cold storage and similar assets, as well as healthcare, hospitality, strategic office and speciality retail assets.
Arvi Luoma, co-founder and CEO of Blackbrook, said: “We are pleased to announce our first acquisition as a newly-launched investment firm. Denmark and the Nordics as a whole are markets we are highly experienced in, and we look forward to working closely with Danske Fragtmænd as the business develops on its leading market position.
“This transaction demonstrates that we can move quickly and opportunistically in the current challenging market environment, to secure acquisitions that meet our investment criteria and approach, as well as the timing requirements of our counterparties.”
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