Nordanö

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)

Divestment of significant residential portfolio in Denmark for approx. DKKbn 2

NREP NSF 1, a fund advised by NREP, has divested a significant residential portfolio to Velliv and Industriens Pension. The transaction is the largest Danish residential transaction in 2020.

The residential portfolio comprises 50,000 m² and three newly constructed properties in Copenhagen and Aarhus: Himmelbyen in Ørestad, Strandhaverne on Amager Strand and Risskov Husene in Risskov, Aarhus.

The portfolio consists of 521 residential units and a smaller number of commercial units. The residentials units are distributed by 185 units in Strandhaverne, 128 units in Himmelbyen and 208 residential units in Risskov Husene. Strandhaverne also includes 12 commercial units and a parking basement with 130 parking spaces.

“The properties constitute a unique investment opportunity in the two largest cities in Denmark. A market rent residential investment opportunity, the portfolio qualifies to meet some of the most central and critical investment themes such as sustainability, urbanisation and ESG. The portfolio is characterised as low-risk and market resilient . We are proud to have advised NREP on yet another divestment of a large portfolio. The transaction underpins Nordanö’s strong track-record within the residential segment as well as a leading position within large and complex transactions. We are pleased for the trust shown by NREP and for successful process execution.” – Jacob Kjær Partner & Head of Denmark, Nordanö.

Credentials

Acquisition of an office property in Aalborg

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

Divestment of a larger residential project in Greater Copenhagen

  • Price: Undisclosed
  • Area: 16,670 m²
  • Buyer: Nuveen (US)
  • Sole financial adviser to CASA (DK)

Acquisition of a larger logistics portfolio in Denmark

  • Price: Undisclosed
  • Area: 182,700 m²
  • Seller: Pareto Securities (SE)
  • Commercial adviser to Starwood Capital Group (US)

Establishment of joint venture for the development of Sygehusgrunden in Holstebro

  • Price: Undisclosed
  • Area: 80,000 m²
  • Sole financial adviser to Færchfonden (DK)

Divestment of student housing property in Copenhagen

  • Price: Undisclosed
  • Area: 2,723 m²
  • Buyer: Franklin Templeton (US)
  • Seller: Angelo Gordon (US)
  • Sole financial adviser to Angelo Gordon (US)

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