Buys fully leased property in the tens of millions: Next step is ESG and sustainability

The Danish real estate company Lindu Ejendomme has expanded its portfolio to 12 properties in Denmark and now has a total rental area of 75,000 sqm. The latest addition is Priorparken 359 in Brøndby, a fully leased

warehouse and logistics property where tenants include Matas, the National Police, DK Flyt & Transport, and Hoffmann.

Anthony Romano, Investment Manager at Brunswick Real Estate, says: “The property fits perfectly into our existing property portfolio of logistics, warehouse, and industrial properties in Greater Copenhagen. Priorparken is almost the perfect industrial and logistics area in Denmark with a short distance to Copenhagen and close proximity to the highway.”

“This also comes to sight by the many logistics companies with their address there. The investment indicates that we continue to be active in the market, which we will continue to be. We continue our search for attractive rental properties, even though others are holding back. In fact, we have entered into a more formal agreement with EDC Erhverv Poul Erik Bech to help us advise on optimizing our properties so that we become even better at meeting the needs of our tenants.”

Focus on ESG and sustainability
Part of Lindu Properties’ strategy is optimizing their properties’ energy efficiency. Kasper Stagis, Portfolio Manager at Brunswick Real Estate and responsible for the Danish market, says:

“The real estate industry needs a sustainability boost, especially industrial and logistics properties are lagging behind, so we want to contribute to optimizing the focus on sustainability. We optimize the energy efficiency of our properties as much as possible and look at where we can make a difference. It can be small or large measures, but they must have an effect and benefit both tenants and the environment. It should make sense and be done in consultation with our tenants. We will go far for the right sustainable solution if it makes sense”.

“The property in Priorparken is fully leased and has suitable opportunities for implementing ESG initiatives. We have an idea of what measures needs to be taken, but we also engage in dialogue with the tenants’ needs, and then we have to see how we improve the property.”

Future cooperation
Kenneth Jakobsen, EDC Erhverv Poul Erik Bech Copenhagen, has facilitated the sale of the industrial property in Brøndby: “The sale was confidential, in the sense that the owner of the property contacted me about selling the property to one of the tenants. There was no interest from the tenants, so we made a list of potential buyers, including Lindu Properties. They have been great to work with. Therefore, we have decided to enter a more formal cooperation. We look forward to assisting them in renting out their properties in the future. First of all, congratulations on purchasing the property in the trendy industrial area of Priorparken, where we have facilitated a wide range of storage, logistics, and industrial property sales and leases.”

Regarding future cooperation, Kasper Stagis, Lindu Properties, says: “We are happy to have Kenneth Jakobsen and EDC as sparring partners. As owners, we need qualified sparring in terms of how we can optimize our properties to meet the tenants’ needs. Sometimes we need to be challenged, and we have certainly experienced that with EDC, so we would like to continue with that in the future.”

Anthony Romano adds: “Kenneth Jakobsen and his team are dedicated and thorough in their work, so we expect them to help us strengthen our position in Denmark and help facilitate rentals in the future.”