Pictet Alternative Advisors and Brunswick Real Estate have set up a new Danish logistics real estate company, seeded with 10 properties.

Lindu Ejendomme, the newly launched firm, expects to at least double the portfolio in size as it targets last-mile logistic and light industrial investment opportunities in Greater Copenhagen and Jutland.

Lindu Ejendomme is expected to grow its 58,000sqm seed portfolio of 10 assets via add-on acquisitions as well as strategic platform additions.

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, Rovsing will transfer into an external strategic advisory role for Brunswick and Lindu.

Patrik Andersson, CEO of Brunswick, said: “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.”

Charlie Baigler, the head of acquisitions for the direct real estate programme at Pictet said: ”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.”

To read the latest edition of the latest IPE Real Assets magazine click here.

Topics

Related Companies