Slättö makes first foray into Danish logistics

Nordic private equity real estate firm Slättö has entered the Danish logistics market with its first investment through its Evolv platform.

Logistics

Slättö has acquired two logistics properties in a sale-and-leaseback deal. These properties are strategically located in Greve, within the high-demand Greater Copenhagen area, and in Odense. The total leasable space across both properties is 12,900 m2.
The Greve property also includes an undeveloped plot of approximately 14,000 m2. Slättö plans to develop about 9,000 m2 of new, modern logistics facilities on this land, prioritizing high standards for energy efficiency and low embodied carbon to ensure strong sustainability.
The Greve location is in the "south corridor" of Greater Copenhagen, a prime logistics hub known for its limited supply. The Odense property is also in an excellent logistics area, offering direct access to major highways. Both properties are well-maintained and fully occupied by the current tenant.
Greater Copenhagen faces an ongoing shortage of logistics and light-industrial spaces. Strict zoning regulations limit new construction, and older industrial zones are being repurposed for housing. This has led to a reduction in new supply, and combined with strong demand from tenants, has driven the vacancy rate in Greater Copenhagen down to just 4%.
Anders Østergaard Hansen, country head Denmark at Slättö, said: “Most of the net operating income stems from the Greve asset, including the development component. It provides exposure to the ongoing trends of reduced industrial land supply in Greater Copenhagen and strong demand for well-located, high-quality logistics assets.”
Lars Axelsson, partner and head of Logistics and Light Industrial at Slättö, added:  “We continue to see value in modern, high-standard logistics close to major urban centres. The combination of tenant demand, supply constraints, and the development potential in Greve supports the investment case.”
This investment aligns with Slättö's wider goal of increasing its logistics and light-industrial property holdings in Denmark, specifically targeting desirable areas with limited supply and strong tenant demand.
With this latest acquisition, the logistics and light-industrial portfolio under Slättö's "Value Add III" fund has grown to a property value of SEK 2 bn (€172 mln) since its initial purchase in November 2024. Overall, Slättö's various funds manage logistics and light-industrial portfolios totalling SEK 7 bn (€602 mln) in property value.
Slättö was advised by Accura, Emcon, Bæk Bygherrerådgivning Aps, CK Land, and Krydsfelt.
Evolv’s real estate portfolio includes around 100 commercial assets located in the Greater Stockholm region, Western and Southern Sweden, Finland, and Denmark.