Starwood acquires logistics portfolio
Plesner advised American private investment firm Starwood Real Estate Income Trust, Inc. on the acquisition of an attractive property portfolio in Jutland, Denmark, referred to as the Danlog-portfolio, at an amount of DKK 1.5 billion.
The portfolio includes 10 attractive logistic properties placed in well-situated locations in Jutland, Denmark, and primarily in the areas around Aarhus, Horsens and Fredericia. The properties are let out on long-term leases to well-reputed and solid tenants, including DSV Solutions A/S and Maersk Drilling A/S.
Starwood Capital Group is a major private investment firm headquartered in Miami, USA. Starwood Capital Group focuses on global investments in real property in particular, and currently manages more than USD 120 billion, including, among others, through Starwood Real Estate Income Trust, Inc., property investments in all important segments.
The seller of the Danlog-portfolio is managed by the Norwegian investment bank Pareto Securities.
Plesner advised Starwood Real Estate Income Trust, Inc. on all aspects of the transactions, including due diligence and negotiations as well the conclusion of transaction and financing agreements.
Plesner’s team on the transaction consisted of Mads Berg, Christian Persson Larsen, Simon Winther Bjerregaard, Jacob Nygaard, Katharina Leo-Hansen, Rasmus Heinemann Sørensen, Nathalie Pauline Møller, Louise Juel Dragsbæk, Kristina Kristensen, Benjamin Bunnage, Christian Gjørtsvang, Katrine Nørskov Knudsen, Sarah Lindegaard Olafsson and Josephine Heger Søndergaard.