CBRE Global Investors has acquired a recently opened logistics property at Copenhagen Airport, Denmark for a purchase price of €16 mln, reflecting a net initial yield of 6.4%. The asset was acquired on behalf of one of its separate account clients from developer MG Real Estate. This acquisition follows upon the acquisition of two retail assets in Ghent and Mechelen (Belgium) from the same developer in July 2015.
The 8,799 m² newly built Grade A property is located at Copenhagen Airport. It is fully leased to FedEx on a long-term lease, and has direct access to the freight airplane staging.
Commenting on the transaction, Jeroen de Grunt, Portfolio Director, Separate Accounts Continental Europe, CBRE Global Investors said: “We have acquired an asset that has a unique airport location with excellent accessibility to railway and highway. It has also been built to the highest technical standard.”
Source: CBRE
