DSV US expansion continues with major investment in California hub
DSV is betting on the US: it has confirmed it is spending some $107m to ...
Property Funds World reports:
Savills Investment Management (Savills IM), an international real estate investment manager, has acquired, on behalf of [Seoul-based] Vestas Investment Management (Vestas IM) and their Korean institutional investors, the global headquarters and logistics assets of Danish transport company DSV.
The transaction comprised three assets, including DSV’s global headquarters office building, originally constructed in 2015 and currently undergoing a 10,500 sq m extension; a cross-dock logistics facility used by DSV’s Road division; and a new warehouse asset completed in December 2019, which will serve clients of DSV’s Solutions business. All of the buildings are located in Hedehusene, c.30 km west of Copenhagen, and will be leased back to DSV on long-term commitments.
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