Cromwell Property Group has completed the acquisition of a multi-let light industrial logistics property in Brondby, Copenhagen, for €15.7 million. Sognevej is a freehold light industrial complex of five buildings on a 41,649m² site with a total lettable area of 22,842 square metres, comprising predominantly warehouse and some office space. Located in Priorparken, an established business park in Copenhagen, the asset complements CEREIT’s existing portfolio in the region as it’s adjacent to the Priorparken 700 and 800 assets. With a weighted average lease expiry of 1.1 years, Sognevej provides significant asset management potential and the opportunity to improve value by regearing current leases and letting vacant space.
Source: Europe-re.com on the 19th of October 2022
https://europe-re.com/cromwell-acquires-copenhagen-logistics-property-dk/71010