PenSam, a Danish pension company, and real estate investor and fund manager Cromwell Property Group (ASX:CMW) (Cromwell or Group) have launched a partnership to invest in light-industrial and logistics real estate in Denmark and Sweden.
Cromwell will invest an initial €200 million for PenSam over three years. The strategy will target light-industrial and logistics properties of various size, age, income profile and quality, in established logistics locations in Denmark and Sweden. The strategy has a core plus risk/return profile and the target is to create a portfolio of sustainable logistics properties through active asset management, leveraging Cromwell’s strong local presence and expertise.
Source: press release sent 8 Oct 2024