Hines, a global real estate investment, development, and property manager, together with an institutional investment partner, has acquired 502,800 square meters of land to develop a three-phase best-in-class logistics facilities park, Hub 65, located in Kolding, Denmark.
In response to continued global demand from occupiers for prime logistics space in the Nordics, the partnership will fund the development of state-of-the-art warehousing in Kolding currently expected to comprise three phases with flexibility to accommodate customer demand. Each stage will be developed to a high specification, targeting a globally recognized ESG certification. The project aims to deliver 129,600 square meters of modern logistics space, providing flexibility for individual tenant requirements.
The first stage of the development which will deliver c.50,000 square meters of prime logistics space is anticipated to be ready for occupation in Q2 2025. Full project completion is expected to be during 2028.
Kolding is situated in the ‘Triangle Region’ of Denmark, a prime logistics hub benefiting from a central domestic location. It also provides strong connectivity to Germany, Norway and Sweden, and is close to both E45 and E20 highways in Denmark, the principal national crossroads of Denmark.