Nordanö

Divestment of 97,190 m² primarily residential building rights in Copenhagen harbour front location

  • Price: Undisclosed
  • Area: 97,190 m²
  • Buyer: AP Ejendomme (AP Pension) (DK)
  • Seller: By & Havn (DK)
  • Sole financial advisor to By & Havn (DK)

Nordanö acted as sole financial adviser to By & Havn in the divestment of 97,190 m2 building rights on Enghave Brygge Syd to AP Ejendomme, a subsidiary of AP Pension. The project constitutes three island plots with 56,013 m2 market based residential building rights and 487 m2 retail building rights, one island plot with 14,000 m2 commercial building rights as well as two plots with 23,690 m2 social housing building rights.

Enghave Brygge Syd is the last piece in the puzzle for developing the Copenhagen Southern Harbour, which has been successfully developed with an emphasis on offering high-end residential units with attractive features including close proximity to water, recreational areas and educational institutions and has proved to be among the most attractive residential areas in Copenhagen, illustrated by the high sales prices and rent levels observed. Enghave Brygge Syd is expected to become the center of the Copenhagen Southern Harbour with its very own Metro station, strengthening the connection of the Copenhagen Southern Harbour to the city center and the rest of Copenhagen.

Credentials

Divestment of Danish last-mile logistics portfolio

  • Price: Undisclosed
  • Area: (GLA) 39,000 m²
  • Seller: Commercial Real Estate Denmark P/S (“CRED”), an open-ended fund owned by the Danish pension funds TDC Pensionskasse, P+, Pædagogernes Pension, and Lægernes Pension, along with other investors
  • Sole financial adviser to CRED (DK)

Financing of last-mile logistics portfolio

  • Area: 18 assets across a GLA of 164,170 m²
  • Financing: Senior financing and CAPEX facility. Financing size and terms undisclosed. Lender: KKR (US) via insurance vehicles and accounts. Borrower (client): HighBrook Investors (US).

Financing of Stejlepladsen development

  • Area: GLA of 71,900 (to be developed) m²
  • Lender: Nykredit (DK), Borrower (client): JV between PFA (DK) and By & Havn (DK), Financing: Plot financing, CAPEX facility and senior financing. Financing size and terms undisclosed.

Divestment of purpose-built student accommodation in Greater Copenhagen

  • Price: Undisclosed
  • Area: 13,668 m²
  • Buyer: KKR
  • Seller: TPG Angelo Gordon (US)
  • Sole financial adviser to TPG Angelo Gordon (US)

Divestment of 384 residential units, 2 retail units and 124 underground parking spaces in Copenhagen

  • Price: DKKbn 1.24
  • Area: 28,520 m²
  • Buyer: CapMan
  • Seller: NREP and AG Development
  • Sole financial advisor to NREP and AG Development

Forward purchase of residential tower of 20,200 m² in Carlsberg Byen in Copenhagen

  • Price: Undisclosed
  • Area: 20,200 m²
  • Seller: Udviklingsselskabet Carlsberg Byen P/S (DK)
  • Commercial adviser to Quantum Immobilien AG (DE)

Acquisition of an office property in Aalborg

  • Price: Undisclosed
  • Area: 6,700 m²
  • Seller: PFA (DK)
  • Commercial adviser to Zetland Capital (UK)