CBRE Investment Management Agrees Landmark Lease for over 20,400 sqm at Greve Distribution Center

CBRE Investment Management (“CBRE IM”), on behalf of a fund sponsored by the firm, has agreed a major lease with Satair, an Airbus Services company, at Greve Distribution Center, its 107,000 sqm logistics asset in Greater Copenhagen, Denmark. The deal marks a significant milestone for the park, with Satair set to occupy approximately 20,400 sqm, making it the distribution center’s largest tenant.

Satair is expected to begin operations at the facility in June 2025, reinforcing Greve Distribution Center’s position as a premier logistics hub in the Greater Copenhagen area.

Strategically located just a 20-minute drive from Copenhagen Airport, Greve Distribution Center offers exceptional accessibility and connectivity for international logistics operators. The asset features modern and functional warehouse and office space, underpinned by strong sustainability credentials, including BREEAM Very Good certification and on-site photovoltaic panels.

Justin Weber Bret, Director, Transactions and Asset Management Logistics for the Nordics at CBRE Investment Management, said: “This lease agreement with Satair is a strong endorsement of Greve Distribution Center’s appeal to global occupiers. Moreover, securing a long-term commitment from a triple-A tenant against a challenging market backdrop reflects the strategic quality of the asset, as well as our ability to deliver resilient, future-proofed logistics solutions with best-in-class sustainability credentials.”

"Securing over 20,400 sqm at the Greve Distribution Center marks a pivotal moment for Satair's operational capabilities," said Thomas Moik, Chief Operations Officer at Satair. "This state-of-the-art facility, strategically located with excellent access to Copenhagen Airport, will significantly enhance our logistics network and enable us to further optimize our global material distribution. The site's modern infrastructure and strong sustainability credentials align perfectly with Satair's commitment to both operational excellence and environmental responsibility, representing another important milestone in our quest to provide more value and even greater service to our customers."

About CBRE Investment Management
CBRE Investment Management is a leading global real assets investment management firm with $149.1 billion in assets under management* as of March 31, 2025, operating in 20 countries around the world. Through its investor-operator culture, the firm seeks to deliver sustainable investment solutions across real assets categories, geographies, risk profiles and execution formats so that its clients, people and communities thrive.

CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.