Pan-European logistics specialist Verdion has acquired two Danish assets for its European logistics fund.
The manager has invested €30m on behalf of the Verdion European Logistics Fund 1 (VELF1) to buy the assets. The deal is VELF1’s first two Nordics assets.
VELF1 targets assets with value-add potential in strategic locations across Northern Europe. Around half its €310m capital is allocated to Germany, with the remainder centred on the Nordics, Benelux and opportunistic investments in CEE.
The fund has bought L’Oreal’s 17,176sqm distribution centre in Greve, Greater Copenhagen, from AP Ejendomme and a 10,925sqm logistics facility in Frederikssund from Sydbank.
Simon Walter, director of asset management at Verdion, said: “These deals underline our commitment to the Nordics and the investment opportunities this region presents. Complementing our development and asset management activity, they are the first in a number of acquisitions we intend to make in the region over the coming months and years, with a priority on opportunities with strong covenants in strategic locations where there is potential for hands-on asset management.”
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