Why is Denmark interesting to W.P. Carey and other international property investors?<\/p>\r\n\r\n\r\n\r\n
\u201cWe see Denmark as an attractive investment market because the economy is strong, it\u2019s easy to conduct business and the conditions for property investments are good. We believe that the warehousing\/logistics\/production segment has a shortage of good properties, so consequently the Danske Fragtm\u00e6nd portfolio was a unique opportunity to acquire a solid portfolio of logistics properties with long leases.\u201d<\/p>\r\n\r\n\r\n\r\n
For how long had W.P. Carey kept an eye on the Danish market before acquiring the Danske Fragtm\u00e6nd portfolio?<\/p>\r\n\r\n\r\n\r\n
\u201cBeing responsible for the European property investments, I had already investigated the Danish market a decade ago. We invested in Finland in 2001, in Sweden in 2005 and in Norway in 2014, so it was about time that we secured an attractive investment in Denmark.\u201d<\/p>\r\n\r\n\r\n\r\n
When is the next Danish investment likely to be made \u2013 and how much does W.P. Carey expect to invest in Denmark?<\/p>\r\n\r\n\r\n\r\n
\u201cWe\u2019re constantly on the look-out for investment opportunities \u2013 in all markets. However, we would very much like to invest more in Denmark and in all segments, especially on sale-and-lease-back terms or in new constructions tailored to users. In Norway, for instance, we made our first investment at the beginning of 2014, and by end-2015, following several acquisitions, had reached investments of around USD 400 million (almost DKK 2.5 billion, ed.). But we\u2019re unable to comment on any of our ongoing transactions until they\u2019re published.\u201d<\/p>\r\n\r\n\r\n\r\n
How can a large, international investor such as W.P. Carey with many experts benefit from cooperating with local commercial estate agents in, for instance, Denmark?<\/p>\r\n\r\n\r\n\r\n
\u201cWe find it important to have a flexible and efficient investment team that covers all of Europe. Advisers such as EDC Erhverv Poul Erik Bech are always abreast of movements and trends in the local market, and that knowledge and insight is important to us. In the case of Danske Fragtm\u00e6nd, EDC was aware of the portfolio and saw a possibility of effecting an off-market sale that perfectly met our criteria. I\u2019ve been in contact with EDC for more than eight years, and we\u2019ve had an ongoing dialogue, so I\u2019ve been able to follow the market. At the same time, EDC has gained deep insight into our wishes and needs, which enabled the company to find an excellent investment for us. Knowledge of the local property market is of great value to us.\u201d<\/p>\r\n\r\n\r\n\r\n
The Danske Fragtm\u00e6nd deal<\/p>\r\n\r\n\r\n\r\n
\u202214 logistics properties and head office, a total of 184,600 m2<\/p>\r\n\r\n\r\n\r\n
\u2022Price: DKK 1.2 billion<\/p>\r\n\r\n\r\n\r\n
\u2022Buyer: W.P. Carey<\/p>\r\n\r\n\r\n\r\n
\u2022Adviser: EDC Erhverv Poul Erik Bech represented by Helle Nielsen Ziersen, senior client director and partner<\/p>\r\n\r\n\r\n\r\n
\u2022Seller: Standard Life Aberdeen represented by Capital Investment<\/p>\r\n\r\n\r\n\r\n
\u2022Off-market transaction, published in July 2018<\/p>\r\n\r\n\r\n\r\n
\u2022Complements W.P. Carey\u2019s portfolio in Finland, Sweden and Norway<\/p>\r\n\r\n\r\n\r\n
W.P. Carey<\/p>\r\n\r\n\r\n\r\n
\u2022Established in 1973 by now-deceased William Polk Carey<\/p>\r\n\r\n\r\n\r\n
\u2022International property investor, listed on the New York Stock Exchange<\/p>\r\n\r\n\r\n\r\n
\u2022Manages European investments from London<\/p>\r\n\r\n\r\n\r\n
\u2022Approximately 900 properties at more than DKK 40 billion, distributed on all segments<\/p>\r\n\r\n\r\n\r\n
\u2022Just over 40% invested in warehousing\/logistics\/production<\/p>\r\n\r\n\r\n\r\n
\u2022Just over 3% invested in Finland\/Sweden\/Norway Why is Denmark interesting to W.P. Carey and other international property investors? \u201cWe see Denmark as an attractive investment market because the economy is strong, it\u2019s easy to conduct business and the conditions for property investments are good. We believe that the warehousing\/logistics\/production segment has a shortage of good properties, so consequently the Danske Fragtm\u00e6nd… View Article<\/a><\/p>\n","protected":false},"author":26,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2467,2479],"tags":[],"class_list":["post-31926","post","type-post","status-publish","format-standard","hentry","category-commercial","category-international"],"acf":[],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.poulerikbech.dk\/en\/wp-json\/wp\/v2\/posts\/31926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poulerikbech.dk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poulerikbech.dk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poulerikbech.dk\/en\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poulerikbech.dk\/en\/wp-json\/wp\/v2\/comments?post=31926"}],"version-history":[{"count":2,"href":"https:\/\/www.poulerikbech.dk\/en\/wp-json\/wp\/v2\/posts\/31926\/revisions"}],"predecessor-version":[{"id":70990,"href":"https:\/\/www.poulerikbech.dk\/en\/wp-json\/wp\/v2\/posts\/31926\/revisions\/70990"}],"wp:attachment":[{"href":"https:\/\/www.poulerikbech.dk\/en\/wp-json\/wp\/v2\/media?parent=31926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poulerikbech.dk\/en\/wp-json\/wp\/v2\/categories?post=31926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poulerikbech.dk\/en\/wp-json\/wp\/v2\/tags?post=31926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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