Hines, together with an institutional investment partner, has acquired 502,800 square meters (5.4 million square feet) of land to develop Hub 65, a three-phase best-in-class logistics facilities park 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 warehouses 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 recognized ESG certification. The project aims to deliver 129,600 square meters (1.4 million square feet) of modern logistics space, providing flexibility for individual tenant requirements.
The project is currently under way, 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 50,000 s
