KKR and Palm Capital, the Pan-European real estate private equity specialist, have acquired a prime last-mile logistics asset in Greater Copenhagen from Catena, a Sweden-based logistics developer.
The park comprises 47,000 square meters (505,904 square feet) of warehouse and office space and hosts long-term tenant Nemlig.com, Denmark’s largest provider of direct-to-consumer online food and grocery delivery. The logistics asset is surrounded by excellent infrastructure, uniquely positioned on Copenhagen’s new light-rail system, which is due to be completed in 2025.
In a supply-constrained industrial real estate market with strong growth potential, the asset offers significant upside with potential for further development, including additional warehouse facilities and various asset-management initiatives, such as energy and asset improvements together with the tenant.
KKR is making the acquisition through its strategy focused on value-add and opportunistic rea
