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Nuveen Real Estate acquires newly constructed logistics asset in Denmark via off-market deal
Transactions - JULY 8, 2024

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Nuveen Real Estate acquires newly constructed logistics asset in Denmark via off-market deal

by Kali Persall

Nuveen Real Estate has acquired a newly constructed logistics asset in Horsens, Denmark, via a €33 million ($36 million) off-market transaction for its European Core Plus Logistics strategy. This represents the company’s first logistics investment in Denmark.

Completed in early 2024, the property, Egeskovvej 39, consists of 33,000 square meters (355,209 square feet) of warehouse space spread across three equally sized units. Built with 12-meter (39-foot) clearance heights, the property has been built to modern logistics specifications and is pursuing DGNB Gold certification.

The property also benefits from highway visibility and excellent connectivity to the E45. It is located one interchange north of DSV’s new 300,000-square-meter (3.2 million-square-foot) campus and three interchanges away from Recharge City, the new parking and recharge center in Horsens.

“This transaction benefited from a number of market fundamentals, with Denmark being the most den

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