Wealth and asset manager Pictet Alternative Advisors and Nordic real estate investor Brunswick Real Estate have launched a new Danish real estate company.
Lindu Ejendomme disposes of a seed portfolio of ten separately acquired properties with a total gross leasable area of 58,000 m2.
The target is to at least double the portfolio of last mile logistic and light industrial investment, mainly in attractive locations in Greater Copenhagen and Jutland.
Brunswick’s country manager in Denmark, Jes Rovsing, will take over an external strategic advisory role for Brunswick and Lindu, initially supported by Anthony Romano and Kasper Stagis Nielsen from Brunswick’s Stockholm team.
Patrik Andersson, CEO of Brunswick, said: ‘We are happy to launch yet another real estate company together with Pictet, this time in the very interesting Danish market. I am specifically proud of Jes and the team’s tremendous effort in sourcing, screening, and completing the successful transactions that form the seed portfolio for Lindu, as well as establishing the local asset management model in Denmark.’
Charlie Baigler, head of acquisitions for the direct real estate programme at Pictet commented: ‘Despite market uncertainty, we have strong conviction in the underlying real estate fundamentals of the Danish last mile logistics sector. We remain committed to growing this programme to significant scale with our partners at Brunswick.’
The Greater Copenhagen area is seen as an interesting market due to the high demand for well-positioned last mile logistic and light industrial properties near the city.
Lindu’s strategy foresees the acquisition of properties with development potential and their repositioning to achieve a higher environmental rating.