Hines, acting together with an institutional investment partner, has acquired 502,800m² of land to develop a three-phase best in class logistics facilities park, Hub 65, located in Kolding, Denmark.
In response to continued global demand from occupiers for prime logistics space in the Nordics, the partnership will fund the development of state-of-the-art warehousing in Kolding currently expected to comprise three phases with flexibility to accommodate customer demand. Each stage will be developed to a high specification, targeting a globally recognised ESG certification. The project aims to deliver 129,600m² of modern logistics space, providing flexibility for individual tenant requirements.
The project is currently underway, working with the municipality of Kolding to preserve archaeological findings in conjunction with the Museum Sønderjylland. The first stage of the development which will deliver circa 50,000m² of prime logistics space is anticipated to be ready for occupation in Q2 2025. Full project completion is expected to be during 2028. Stender Innovation is Hines’ development partner. Having taken the project through the municipal planning process Stender will support Hines in project delivery.
James Robson, Country Head - Nordics, at Hines, commented: “We’re looking forward to developing what we believe will be the leading and one of the best-located logistics parks in Denmark. Our intention is to service the needs of occupiers by delivering state-of-the-art, flexible logistics space. Furthermore, to secure this off-market opportunity in the number one logistics location in Denmark is testament to our local presence and deep market expertise.”
