Verdion has acquired two Danish assets for its VELF1 fund. The deals represent €30m of investment in Denmark and the fund’s first two Nordics assets. VELF 1 is focused on high-quality logistics assets with value-add potential in strategic locations across Northern Europe. Around half its €310m capital is allocated to Germany, with the remainder centred on the Nordics, Benelux and opportunistic investments in CEE.
The first asset, L’Oreal’s distribution centre in Greve, Greater Copenhagen, was acquired from AP Ejendomme (part of Danish pension fund AP Pension). The complex offers 17,176m² and is used for distributing products to retail outlets across the Nordics. The second logistics property purchased by the company offers 10,925m² and is located in Frederikssund, northwest of Copenhagen. The scheme was bough from Sydbank, and fully let to Haldor Topsoe, a global market leader in high-performance catalysts and proprietary technologies for chemical and refining industries.
Simon Walter, Director of Asset Management at Verdion, said: “These deals underline our commitment to the Nordics and the investment opportunities this region presents. Complementing our development and asset management activity, they are the first in a number of acquisitions we intend to make in the region over the coming months and years, with a priority on opportunities with strong covenants in strategic locations where there is potential for hands-on asset management.”