CBRE Investment Management and MG Real Estate close two logistics deals in Denmark
CBRE Investment Management (CBRE IM) has completed the transfer of two logistics parks in Denmark from MG Real Estate, one of which was added to the joint venture with MG Real Estate.
The first deal is the acquisition of the remaining six logistics units at MG Park Greve in Copenhagen from MG Real Estate, which comprises 52,177 square meters (561,629 square feet) of warehouse space as well as 2,590 square meters (27,879 square feet) of office space. One logistics unit has already been completed, with five more due to be developed. This completes the acquisition of the park, as the firm previously acquired five units comprising 51,903 square meters (558,679 square feet), which are fully let to five different tenants. The total deal at MG Park Greve comprises more than 100,000 square meters (1.1 million square feet).
Secondly, CBRE IM has further expanded the joint venture with project developer and investor, MG Real Estate, with units 3, 4 and 5 at MG Park Fredericia,