Forward funding divestment and tenant search of a serviced apartment project in Copenhagen
- Price: Undisclosed
- Area: 4,278 m²
- Buyer: Swiss Life Asset Managers (CH)
- Seller: AG Gruppen (DK)
- Financial adviser to AG Gruppen (DK)
Nordanö acted as the financial adviser to AG Gruppen in the divestment through a forward-funding of a serviced apartment development project in Amager Strand, Copenhagen, to Swiss Life Asset Managers.
The project comprises 95 serviced apartments, with a total gross leasable area of approx. 4,278 m2, and unit sizes ranging from 20-60 m2.
Nordanö was mandated in a two-step process: first, to secure a tenant for the project, and subsequently, to divest it.
A long lease contract was signed with the Danish publicly listed service apartment operator Movinn in August 2023. The project was then divested in a forward-funding structure, wherein AG Gruppen acts as end-to-end developer and turn-key contractor in close collaboration with Swiss Life Asset Managers. Construction is expected to be completed before summer 2027.
Credentials
Joint venture between AKF, Sampension, and Brøndby Municipality for the development of Fremtidens Brøndby Strand
- Area: ~300,000 m²
- Commercial adviser to Fremtidens Brøndby Strand P/S (DK)
Joint venture between Freja Ejendomme, Realdania, and Odense Municipality for the development of Gl. Odense Universitetshospital
- Area: ~274,000 m²
- Commercial adviser to Freja Ejendomme (DK)
Divestment of ~40,000 m² building rights on top of the Copenhagen South Station, a key public infrastructure hub
- Price: Undisclosed
- Area: ~40,000 m²
- Buyer: FB Gruppen A/S (DK)
- Seller: Metroselskabet I/S (DK)
- Sole Financial Advisor to Metroselskabet I/S (DK)
Forward sale of Residential Property at Glostrup Shoppingcenter
- Price: Undisclosed
- Area: 10,647 m²
- Buyer: Capman (FI)
- Seller: Danske Shoppingcentre (DK)
- Financial adviser to Danske Shoppingcentre (DK)
Divestment of High-Quality Residential Property at Islands Brygge (Copenhagen)
- Price: Undisclosed
- Area: 23,179 m²
- Buyer: Nrep (DK)
- Seller: Highbrook Investors (US)
- Financial adviser to Highbrook Investors (US)
Establishment of joint venture for the development of expectedly 73,000 m² primarily residential building rights
- Area: ~73,000 m²
- Sole financial adviser to SquareMeter (DK)
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.