Nordanö

Strategic asset swap involving 31,423 m² residential building rights in Valby and 445 rental apartments in Herlev

  • Price: Undisclosed
  • Area: 65,674 m²
  • Buyer: Catella Investment Management, Nordkranen and an international investor
  • Seller: Ikano Bolig
  • Sole financial adviser to Ikano Bolig

Nordanö acted as sole financial adviser to Ikano Bolig on a strategic asset swap with a consortium consisting of Catella Investment Management, Nordkranen and an international investor.

The transaction comprised two interdependent transactions. Ikano Bolig divested Kvædehaven / Retortvej in Valby, consisting of 31,423 m² of zoning-approved residential building rights, to the consortium. At the same time, Ikano Bolig acquired Bakkekæret in Herlev, a newly built and fully let residential rental property comprising 445 apartments and 34,251 m² GLA in the Marielund area.

The Valby project comprises 31,423 m² of zoning-approved residential building rights across family housing, student housing and microliving, of which 7,856 m² are designated as social housing. Bakkekæret comprises 445 fully let residential units and is DGNB Platinum certified.

The transaction supports Ikano Bolig’s strategy of building a larger, long-term residential rental portfolio in Greater Copenhagen.

Credentials

Divestment of two residential high-rises in Greater Copenhagen

  • Price: DKK 255 million
  • Area: 9,466 m²
  • Buyer: Pictet (CH) & VIGA Real Estate (DK)
  • Seller: Danish family office (DK)
  • Financial adviser to a Danish family office

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)

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)

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)

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)
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