Nordanö

Divestment of Nordic Living residential portfolio in Denmark

  • Price: DKK 1.128 billion
  • Area: 38,000 m²
  • Buyer: Heimstaden (SE)
  • Sole financial adviser 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

Acquisition of property portfolio in Denmark

  • Price: Undisclosed
  • Area: 14,300 m²
  • Seller: NIAM (SE)
  • Sole financial adviser to SBB (SE)

Joint venture between Høje Tastrup Municipality, Danske Shoppingcentre and EjendomsSelskabet Norden Høje Taastrup, Denmark

  • Area: 262,000 m²
  • Exclusive financial adviser to Høje Tastrup Municipality

Acquisition of Næstved Storcenter, Denmark

  • Price: Not disclosed
  • Area: 41,000 m²
  • Buyer: BlackRock (US)
  • Seller: Dansk Supermarked (DK)
  • Sole financial adviser to BlackRock (US)

Establishment of a 50/50 owned joint venture between By & Havn and PensionDanmark in Copenhagen, Denmark

  • Area: 260,000 m²
  • Exclusive financial adviser on the establishment of a 50/50 owned joint venture between By & Havn and PensionDanmark

Divestment of ~30% of Scandinavian Center Århus

  • Price: Undisclosed
  • Area: 43,000 m²
  • Buyer: Undisclosed investors
  • Sole financial adviser to Danske Bank (DK)

Acquisition of the landmark residential property ‘Domus Vista’ in Frederiksberg, Copenhagen

  • Price: DKK 640 million
  • Area: 34,000 m²
  • Seller: PenSam Pension (DK) and PKA Pension (DK)
  • Sole financial adviser to Akelius (SE)

Sale of residential development project with more than 2,000 new homes in Valby

  • Price: DKK 5 billion
  • Area: 234,000 of building rights m²
  • Buyer: FB Gruppen (DK) and PKA Pension (DK)
  • Sole financial adviser to Grønttorvet A/S (DK)

Merger between leading consulting engineering companies Niras (DK) and Alectia (DK)

  • Price: Undisclosed
  • Sole financial adviser to Niras (DK)

Sale of 50.1% of the shares and capital undertaking of DKKbn 1.7

  • Price: DKKbn 8.5 (book value)
  • Area: 947,000 m²
  • Buyer: Novo Holdings (DK) and TryghedsGruppen (DK)
  • Sole financial adviser to DADES and its shareholders (DK)