KKR & Co. Inc. (NYSE:KKR) and Palm Capital acquired Kornmarksvej 1 property in Brøndby, Denmark from Catena AB (publ) (OM:CATE) on July 12, 2024. The Kornmarksvej 1 property in Brøndby have underlying property value of DKK 400 million. The agreed property value is in line with its book value. The logistics asset is located in Greater Copenhagen and surrounded by excellent infrastructure, uniquely positioned on the city?s new light rail system, which is due to be completed in 2025. KKR is making the acquisition through its strategy focused on value-add and opportunistic real estate investments in Western Europe.

KKR & Co. Inc. (NYSE:KKR) and Palm Capital completed the acquisition of Kornmarksvej 1 property in Brøndby, Denmark from Catena AB (publ) (OM:CATE) on July 12, 2024.