Stoneweg has acquired a strategic logistics facility spanning approximately 39,000 m² near Copenhagen, marking a significant move in its €200m partnership with PenSam, Denmark's labour market pension fund. The transaction underscores growing institutional appetite for Nordic logistics assets as e-commerce and supply chain resilience continue reshaping the sector.
Located in Køge, 40 kilometres south of Copenhagen's city centre, the dual-warehouse complex comprises buildings constructed in 2007 and 2010. Currently 36% occupied, the site presents a value-add opportunity that Stoneweg intends to capitalise on through comprehensive refurbishment works aimed at elevating building quality and ESG performance, factors increasingly critical to tenant retention and rental growth in today's market.
The acquisition's strategic value extends beyond its prime motorway connectivity to the E20/E47 corridor linking Sweden and Germany. What makes this deal particularly compelling for investors is the asset's potential for rental arbitrage in a market where Copenhagen logistics vacancy rates have tightened considerably, whilst Køge remains one of Denmark's most established distribution hubs with a limited new supply pipeline, creating conditions for accelerated lease-up and rental growth as the refurbishment programme unlocks institutional-grade tenant demand.
"This acquisition aligns perfectly with our core plus strategy across the Nordics," a Stoneweg representative noted, highlighting the firm's established regional presence. The flexibility of the warehouse space positions it to capture diverse tenant requirements, from traditional logistics operators to last-mile delivery providers serving the greater Copenhagen metropolitan area.
Launched in 2025, the Stoneweg-PenSam mandate specifically targets light-industrial and logistics assets across Denmark and Sweden, regions benefiting from robust structural tailwinds including e-commerce penetration, nearshoring trends, and stringent sustainability requirements that are driving occupier demand towards modern, efficient facilities.
PenSam manages DKK 200bn (€28bn) of investments with a strong emphasis on responsible investing and the green transition, whilst Stoneweg oversees approximately €11bn in assets under management across 23 offices in 17 countries.
Companies mentioned:
• Stoneweg, an alternative investment platform specialising in real assets
• PenSam, Danish labour market pension fund
Image Source: Blackstone
