Aarhus__Locations_Online_MR19

Copenhagen Property Market Report 2019

9

Industrial & logistics Thanks to its motorway proximity, Logistikparken Aarhus west of Aarhus has developed into a prime industrial/logistics location. Danske Fragtmænd was the first company to relocate here, and several large companies have followed suit, including Brixius Trading and Søstrene Grene, the latter completing a logistics facility of 31,200 sqm in 2018. When fully developed, Logistikparken will extend to 177,000 sqm commercial space on 44 hectares in total. Also in the Logistikparken area, at Årslev, Salling Group has built a large-scale distribu- tion centre. In this location lies the 23,000 sqm fresh produce terminal of Netto, serving all Netto supermarket stores west of the Great Belt. In addition, there is a 53,000 sqm non-food terminal that serves all Føtex and Bilka stores in Denmark. Other prime locations include Hørning, where Frode Laursen, Antalis and Hørkram are located, and Hasselager, where COOP has its fresh produce terminal for all of western Denmark. Older industrial clusters are found at Lystrup, Brabrand, Viby J and Risskov. Commercial areas along the E45 motorway, defined as Skanderborg/Stilling south-west of the city and Hinnerup/Søften to the north-west, are also popular with logistics and wholesale businesses due to their proximity to the Aarhus, ensuring easy access to a strong recruitment base. Important companies located in this motorway corridor include DHL, Freja Transport & Logistik, Bridgestone and GLS.

INDUSTRIAL/LOGISTICS 1

Change

Market Expectations

Typical rent levels

2016

2017

2018

2019

2018-19

2019

400 250 450 250

400 250 450 275

400 250 475 275

400 275 475 300

0%

Prime

Central Aarhus and inner ring roads

10%

Secondary

0% 9%

Aarhus: Approach/outer ring roads 2

1 Industrial includes production, storage and logistics facilities. 2 The prime rents quoted apply also to locations with E45 proximity, i.e. Hinnerup/Søften and Skanderborg/Stilling. Note: Rent levels quoted in DKK per sqm p.a. exclusive of operating costs and taxes. Market expectations indicate trend forecast for the next 12 months. Source: Colliers International