Lundgrens assists Hines Pan-European Core Fund with the acquisition of a logistics asset in Denmark

At Lundgrens, we are proud to have assisted Hines Pan-European Core Fund (HECF) with the acquisition of its first logistics asset in Denmark, which is an expansion of their logistics portfolio.

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 40 cities in 27 countries. Hines has acquired an urban logistics facility totaling 60,750 square meters in a prime strategic location in Denmark on behalf of its Hines European Core Fund (HECF), from a company managed by the Nordic Investment Bank Pareto Securities, for an undisclosed price.

The acquired property is located in Greve, just 25 km from Copenhagen. Ventrupparken 3-5 is currently fully let on a long-term basis and is situated on a large parcel in the premier logistics location in Denmark. The destination is a magnet for key international tenants such as Flying Tiger, H&M, L'Oréal, Aldi, and others.

The seller Ventrupparken Logistics AS was advised by Norwegian investment bank Pareto Securities and BechBruun as legal counsel.