Financing of last-mile logistics portfolio
- Area: 18 assets across a GLA of 164,170 m²
- Financing: Senior financing and CAPEX facility. Financing size and terms undisclosed. Lender: KKR (US) via insurance vehicles and accounts. Borrower (client): HighBrook Investors (US).
HighBrook Investors have entered into a financing agreement for their Danish last-mile logistics portfolio comprising 18 assets with a total GLA of approx. 164,000 sqm. located in key Danish logistics hubs (Greater Copenhagen and Triangle Region). The financing solution consists of both senior financing and CAPEX facilities to support the business plan of HighBrook Investors including in relation to ESG enhancements.
Nordanö acted as exclusive financial adviser to HighBrook Investors in the structured financing process for the last-mile logistics portfolio to secure an optimal financing solution. The lender is KKR with capital from its insurance vehicles and accounts.
Credentials
Establishment of joint venture for the development of expectedly 73,000 m² primarily residential building rights
- Area: ~73,000 m²
- Sole financial adviser to SquareMeter (DK)
Divestment of Danish last-mile logistics portfolio
- Price: Undisclosed
- Area: (GLA) 39,000 m²
- Seller: Commercial Real Estate Denmark P/S (“CRED”), an open-ended fund owned by the Danish pension funds TDC Pensionskasse, P+, Pædagogernes Pension, and Lægernes Pension, along with other investors
- Sole financial adviser to CRED (DK)
Financing of Stejlepladsen development
- Area: GLA of 71,900 (to be developed) m²
- Lender: Nykredit (DK), Borrower (client): JV between PFA (DK) and By & Havn (DK), Financing: Plot financing, CAPEX facility and senior financing. Financing size and terms undisclosed.
Divestment of purpose-built student accommodation in Greater Copenhagen
- Price: Undisclosed
- Area: 13,668 m²
- Buyer: KKR
- Seller: TPG Angelo Gordon (US)
- Sole financial adviser to TPG Angelo Gordon (US)
Divestment of 97,190 m² primarily residential building rights in Copenhagen harbour front location
- Price: Undisclosed
- Area: 97,190 m²
- Buyer: AP Ejendomme (AP Pension) (DK)
- Seller: By & Havn (DK)
- Sole financial advisor to By & Havn (DK)
Divestment of 384 residential units, 2 retail units and 124 underground parking spaces in Copenhagen
- Price: DKKbn 1.24
- Area: 28,520 m²
- Buyer: CapMan
- Seller: NREP and AG Development
- Sole financial advisor to NREP and AG Development
Forward purchase of residential tower of 20,200 m² in Carlsberg Byen in Copenhagen
- Price: Undisclosed
- Area: 20,200 m²
- Seller: Udviklingsselskabet Carlsberg Byen P/S (DK)
- Commercial adviser to Quantum Immobilien AG (DE)
Joint venture between DSB Ejendomme, Industriens Pension, Novo Holdings and NREP, for the development of the entirety of Jernbanebyen
- Area: 365,000 m²
- Sole financial adviser to DSB Ejendomme (DK)
Acquisition of an office property in Aalborg
- Price: Undisclosed
- Area: 6,700 m²
- Seller: PFA (DK)
- Commercial adviser to Zetland Capital (UK)