Nordanö advised NREP on the sale of the Nordic Living portfolio to Heimstaden

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

Key facts:

Seller: NREP
Buyer: Heimstaden
Price: DKK 1,128,000,000
No. of properties: 8
No. of apartments: 377
Total area: approx. 38,000 m²

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

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