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

Divestment of residential project in Greater Copenhagen

  • Price: Undisclosed
  • Area: 6,209 m²
  • Buyer: Catella Real Estate AG on behalf of the fund Sarasin Sustainable Properties – European Cities (DE)
  • Seller: CASA ApS (DK)
  • Sole financial adviser to CASA ApS (DK)

Divestment of larger office property in Greater Copenhagen

  • Price: DKKm 279
  • Area: 25,767 m²
  • Buyer: Bygningsstyrelsen (DK)
  • Seller: City Property Holding (DK)
  • Sole financial adviser to City Property Holding (DK)

Joint venture between Danica Pension and DSB Ejendomsudvikling for the development of project in Postbyen, Copenhagen

  • Area: 26,800 m²
  • Sole financial adviser to Danica Pension (DK)

Acquisition of an office property in Copenhagen CBD

  • Price: Undisclosed
  • Area: 16,663 m²
  • Buyer: AM Alpha Kapitalverwaltungsgesellschaft mbH (DE)
  • Seller: Aberdeen Standard Investments (UK)
  • Sole financial adviser to the buyer

Divestment of significant residential portfolio in Denmark

  • Price: Approx. DKKbn 2
  • Area: 50,000 m²
  • Buyer: Velliv & Industriens Pension (DK)
  • Seller: NREP (DK)
  • Sole financial adviser to NREP (DK)

Acquisition of an office property in Copenhagen, Denmark

  • Price: Undisclosed
  • Area: 5,400 m²
  • Sole commercial adviser to PATRIZIA (DE)

Acquisition of a large office property development in Copenhagen, Denmark

  • Price: Undisclosed
  • Area: 13,200 m²
  • Seller: ACCURA Advokatpartnerselskab (future tenant)
  • Sole commercial adviser to Velliv (DK) and Industriens Pension (DK)

Divestment of large core logistics centre in Denmark

  • Price: Undisclosed
  • Area: ~72,400 m²
  • Buyer: Coop (DK)
  • Sole financial adviser to 3C Groups (DK)

Joint venture between PFA and By & Havn for the development of Stejlepladsen, Copenhagen

  • Area: 72,000 m²
  • Sole financial adviser to PFA (DK)