Australia's Macquarie Asset Management has acquired a logistics portfolio of four Danish assets for its European logistics real estate fund from Savills Investment Management.
The purchase price was not disclosed.
The assets comprise four warehouses in Kolding and Greve near Copenhagen, Denmark, and were divested by on Savills IM's Nordic Logistics fund.
The properties have a total lettable area of 77,500 m2 and are fully let to the Danish 3PL operator DSV Prime Cargo.
Peter Broström, head of Nordics at Savills IM, said: 'The demand for prime logistics assets in the Nordic region remains high. The portfolio offers a variety of benefits including stable distribution, one of the strongest operators in the region and superb logistics locations in Denmark.
'This sale is in line with the fund’s strategy, and we are capitalising on the initiatives that have been undertaken during our ownership as well as on improving values since our early entry which will benefit our investors.'
The Savills IM Nordic Logistics fund is a club deal on behalf of German institutional investors launched in 2014 as a German real estate special fund.
At launch, the fund acquired a logistics portfolio which comprised 11 assets in Sweden, Denmark, Finland and Norway. Since then, a further asset in Sweden was acquired and two assets were sold, one in Norway and most recently a logistics complex in Torsvik, Jönköping in Sweden, for €141.6 mln.
Savills IM currently manages properties in the Nordics with a total value of €1.5 bn.
Savills IM was advised by Bruun & Hjejle (legal) and CBRE (commercial)in the transaction.
