CBRE Global Investors acquires logistics facility in Denmark

CBRE Global Investors, on behalf of a separate account client, has acquired a warehouse distribution center at Kastrup Airport, Copenhagen, from Worldwide Flight Services Denmark (WFS) in a sale and leaseback transaction.

The 35,400-square-meter (381,000-square-foot) site comprises 11,700 square meters (125,940 square feet) of lettable space that has two cross-dock buildings with a newly constructed interlinked cold storage for pharmaceutical products and a three-story office building with more than 60 car parking spaces. The property has direct access to airway runways and the air cargo area.

The asset is let to WFS, one of the largest cargo handling companies in the world. WFS is the main cargo handler at the Kastrup airport, focusing on business-to-business operations. Greater Copenhagen is regarded as northern Europe’s hub for pharmaceutical logistics, and the tenant intends to expand the facility with a new 3,700-square meter (40,000-square-foot) maximum cross-d