JLL and EDC International Poul Erik Bech advise on acquisition of unique airside logistics asset in Denmark
JLL has acted as buy-side commercial due diligence advisor in collaboration with local Danish firm EDC Erhverv Poul Erik Bech in providing market leading local and pan-European Airport / Airside logistics advisory to support AEW with the acquisition.
The asset has highly sought-after airside access and is let to DHL, Postnord, Telenor and WFS (Worldwide Flight Services). In addition to the logistics space, the property accommodates office space, and there are also good opportunities to create additional value through development, with permission to expand the warehouse capacity by 5,000 m2 on the southern part of the site.
Joseph Alberti, Head of Research at EDC Business Poul Erik Bech has provided his view: “Copenhagen Cargo Center is a very attractive logistics center, and this is due in particular to the unique location, which with a rare direct access to the cargo area next to one of the largest cargo airports in the Nordic region, Copenhagen Airport, and is an important strategic position with secure tenants.”
Market Leaders in Nordic Valuations and Strategic Advisory
JLL is a world leader in real estate services, and our EMEA Valuation and Advisory team offers unparalleled expertise across sectors and markets. We’re here to help our clients achieve their ambitions and to build a better tomorrow for our clients, our people and our communities.
We were delighted to be appointed by AEW as commercial due diligence advisor on this unique and specialist project. Clive Drury, Director and Project Lead: “We always enjoy providing critical input and supporting clients on fast-paced acquisition projects such as this and the challenge of working in specialist sectors like Airside Logistics. We rely on data-led analysis and direct market experience to provide quality advisory that can make a real difference in our clients decision making process. Our strength in alternative and specialist sectors such as Airside Logistics is that we can draw upon the strong expertise of our specialist EMEA teams as well as our market-leading local offices. We are pleased to co-operate with EDC in Copenhagen to offer all the advantages of both EDC and JLL in Denmark. Congratulations to the team at AEW on a great acquisition.”
JLL Nordic operations are based in Stockholm and Helsinki and have an established co-operation with local teams in Copenhagen and Oslo to ensure full coverage of all Nordic markets. Helle Nielsen Ziersen, partner and Head of International Relations at EDC International Poul Erik Bech, says:
“We have a close collaboration with JLL, and together we carry out an increasing number of projects in Denmark and abroad. Local knowledge is important, and as Denmark’s largest and only nationwide brokerage company, we provide great knowledge of the Danish real estate market. If there’s anything we can help you with please don’t hesitate to get in touch with us as we’d love to hear from you.”