Colliers København Delrapport 2023 UK

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Greater Copenhagen The following is a brief introduction to the Greater Copenhagen industrial and logistics market, with mainly the south corridor con sidered a strong location. Allerød and Hillerød generally feature a stock of built-to-suit production facilities that fail to meet today’s tenant require ments. Dating mainly from the 1960s to 1980s, the building stock typically comprises ancillary office units at the front and industrial/warehouse facilities at the back. The area is popular with businesses looking to cut overhead costs, e.g. small to medium-sized wholesalers and businesses in the automobile industry, including dealers in spare parts and car accessories, leasing companies, etc. Such facilities are in relatively low demand and somewhat susceptible to struc tural vacancy. In recent years, the Birkerød/Allerød/Hillerød area has seen only few development schemes. However, Matas is currently constructing its new 25,000 sq m logistics facility at Allerød, scheduled for completion in 2023. It is worth mentioning that the area has an important con centration of modern production facilities for pharmaceuti cal, biotech and medtech industries, including Novo Nordisk, which company has invested DKK 500 million in the expan sion of its production facilities at Fabriksparken in Hillerød. Züblin is currently constructing 6,600 sq m for the company. Similarly, in autumn 2022, Novo Nordisk announced plans to invest DKK 5.4 billion in the expansion of its Bagsværd facility. The expansion scheme is scheduled for completion in 2024. Ballerup/Måløv Ballerup is located just north-west of Copenhagen, where the building stock largely resembles that of Birkerød/Alle rød/Hillerød, i.e. typically with too large office components as well as insufficient ceiling heights and loading docks, etc., rendering them less suitable for today’s logistics purposes. Birkerød/Allerød/Hillerød Situated north of Copenhagen, the towns of Birkerød,

Brøndby/Glostrup/Herlev (the west corridor)

Typically located along the Ring Road 3 corridor west of Copenhagen, traditional Greater Copenhagen industrial dis tricts start at Brøndby to the south, fanning out to Glostrup, Albertslund, Herlev and Gladsaxe. Developed some 50 years ago, more industrial properties in this area are becoming functionally obsolete. However, because of excellent infrastructure and proximi- ty to Copenhagen, the area attracts increasing demand for last mile distribution centres from businesses that realise the importance of quick delivery to customers in the Copen- hagen area, both in terms of groceries and traditional spe cialty goods. For instance, Coop Danmark has a large-scale logistics facility at Brøndby, handling mainly fresh produce for last mile delivery. Similarly, delivering groceries pur chased online, Nemlig.com has a large-scale logistics facil ity at Brøndby, enabling prompt deliveries to Copenhagen households. The south corridor The south corridor running between Køge and Høje- Taastrup benefits from easy motorway access (the E20), linking to Copenhagen, all parts of Zealand as well as Jut land, Sweden and Germany. As the corridor is an important location for industrial and storage/logistics facilities, local planning provisions are up to date and in line with today’s requirements. This allows for the construction of efficient facilities standing up to 30 metres tall in selected commer cial districts sized for heavy-goods vehicles. At Køge, Scandinavian Transport Center (STC), continues to attract financially strong tenants looking for logistics facil ities. Tenants include PostNord, Lemvigh-Müller, Lidl, DKI Logistics, Netto and pharmaceutical company Nomeco, the latter with a new state-of-the-art facility to handle distribu tion to the domestic and Nordic markets. At STC, Logicenters, owned by NREP, is currently develop ing a logistics centre, which is expected to include 60,000 sq m logistics facilities with a built-to-suit cross-dock termi nal. BHS Logistics was the first tenant to move into the new

Copenhagen Local market report to Colliers Market Report 2023