Savills Investment Management has acquired, on behalf of Vestas Investment Management (Vestas IM) and their Korean institutional investors, the global headquarters and logistics assets of Danish transport company DSV. The financial terms were not disclosed.
“This transaction is one of the larger transactions of its kind in Denmark in recent years and has all elements of a multi-jurisdictional and complex cross-border deal with multiple work streams and several layers of documentation,” said Bech Bruun, Steen Puch Holm-Larsen, partner.
The transaction comprised three assets, including DSV’s global headquarters office building, originally constructed in 2015 and currently undergoing a 10,500-square-meter (113,021-square-foot) extension; a cross-dock logistics facility used by DSV’s Road division; and a new warehouse asset completed in December 2019, which will serve clients of DSV’s Solutions business. All of the buildings are located in Hedehusene, 30 kilomete
