Nordanö

Divestment of Nordic Living residential portfolio in Denmark

  • Price: DKK 1.128 billion
  • Area: 38,000 m²
  • Buyer: Heimstaden (SE)
  • Sole financial advisor to NREP (DK)

Nordanö acted as exclusive financial adviser to NREP in the sale of the Nordic Living residential portfolio to Heimstaden. The properties, originally constructed by PensionDanmark, are large iconic properties such as Isbjerget (the Iceberg) on Aarhus Ø, Horisonten I & II in Ørestad City, Baunebo in Lyngby and Kanalfronten in Vejle. The portfolio comprises 377 apartments and 5 commercial units totalling approximately 38,000 m².

The properties were constructed between 2007 and 2013 in central locations and in high standards. The portfolio includes apartments in Isbjerget in Aarhus which was awarded Best Residential Development at MIPIM in Cannes, France in 2013. NREP has owned the portfolio since 2014.

“We are proud to have advised NREP in the sale of such a substantial portfolio. The transaction underpins Nordanö’s significant track record within residential transactions as well as our market share for large and complex transactions. We are pleased with the trust NREP has shown us, and to have executed a successful sales process.” – Jacob Kjær, Partner & Head of Denmark, Nordanö.

The transaction comprises the following properties:
• Isbjerget, Århus Havn
• Kanalfronten, Vejle Havn
• Horisonten I, Ørestad City
• Horisonten II, Ørestad City
• Baunebo, Kgs. Lyngby
• Søparken, Måløv
• Revyhaven, Frederiksberg
• Amerika Plads, Østerbro

Credentials

Divestment of the Helsinki Court House

  • Price: EUR 200 million
  • Area: 50,000 m²
  • Buyer: Hemsö (SE)
  • Financial adviser to the seller

Divestment of education, office and laboratory portfolio in Södertälje, Sweden

  • Price: SEK ~1.0 billion
  • Area: ~100,000 m²
  • Buyer: Fastator (SE) and Offentliga Hus (SE)
  • Sole financial adviser to FAM (SE) and Peab (SE)

Divestment of the office property Pressi C in Vantaa, Finland

  • Price: Undisclosed
  • Area: 5,400 m²
  • Buyer: Julius Tallberg Real Estate Corporation (FI)
  • Sole financial adviser to SRV (FI)

Divestment of residential portfolio with 2,340 apartments in Stockholm and Gothenburg, Sweden

  • Price: SEK 4.7 billion
  • Area: ~188,000 m²
  • Buyer: Victoria Park (SE)
  • Sole financial adviser to Akelius (SE)

Divestment of two logistics properties in Halmstad and Umeå, Sweden

  • Price: SEK ~1.1 billion
  • Area: ~73,000 m²
  • Buyer: Halmslätten Fastighets AB (a company established by Pareto Securities)
  • Sole financial adviser to Axfast (SE)

Acquisition of residential portfolio with 265 apartments in Malmö, Sweden

  • Price: SEK 600 million
  • Area: ~22,000 m²
  • Seller: PP Pension (SE)
  • Sole financial adviser to Willhem (SE)

Divestment of the office property Välmågan 9 in Stockholm, Sweden

  • Price: Undisclosed
  • Area: 20,500 m²
  • Buyer: DWS (DE)
  • Sole financial adviser to Invesco (US)

Divestment of the office property ‘Solna Port’ in Stockholm, Sweden

  • Price: SEK ~2 billion
  • Area: ~41,000 m²
  • Buyer: Fastpartner (SE)
  • Sole financial adviser to Areim (SE)

Divestment of mixed use portfolio in Eskilstuna, Sweden

  • Price: SEK ~700 million
  • Area: ~80,000 m²
  • Buyer: Regio (SE)
  • Sole financial adviser to Kungsleden (SE)