CBRE Global Investors has acquired a logistics facility at Copenhagen Airport for €16 mln, representing a net yield of 6.4%.
CBRE Global Investors has acquired a logistics facility at Copenhagen Airport for €16 mln, representing a net yield of 6.4%.
The recently opened 8,800 m2 property was bought from developer MG Real Estate on behalf of one of CBRE GI’s separate account clients. The building is fully leased to FedEx on a long-term lease.
The deal follows CBRE GI’s acquisition of two retail assets from MG Real Estate in the Belgian towns of Ghent and Mechelen for a total of €80 mln, at a yield of 5.4%, in July.
Rik Eertink, CEO Nordics at CBRE GI, said: ‘This is our first acquisition in Denmark and means CBRE Global Investors now has full exposure to the Nordics, with investments in all four countries.
‘We are aiming to execute additional acquisitions in the short term in the Nordics and are actively scanning the market for that purpose.’
