In April 2021, Hines acquired an urban logistics facility totaling 60,769 square meters in a prime location in Denmark on behalf of its Hines European Core Fund. Located in Greve, just 25 kilometers from Copenhagen, Ventrupparken 3-5 is fully leased on a long-term basis and is situated on a large parcel in the premier logistics location in Denmark with close proximity to the E20 highway.
The destination is a magnet for key international tenants such as Flying Tiger, H&M, L'Oréal, Aldi and others. In addition, The Fehmarn Belt Tunnel, currently under construction, is due to be operational in 2028 and will further strengthen the area. This will become the world’s longest rail and highway tunnel (20km) linking Denmark and Northern Germany, reducing travel time between Copenhagen and Hamburg to just 2.5 hours, further propelling the site as a key logistics hub.