We use cookies to adapt this website to your needs as well as to improve our services. The further use of the website is understood as consent to our regulations on cookies.

More OK

Acquisition of a High Street Retail Portfolio and Management of the PATRIZIA Nordic Cities Fund I

Type of Transaction: Funds and Separate Accounts
Strategy: Value Add
Geographic Focus: The assets are exclusively located in all of the top locations in the Danish capital of Copenhagen, mainly in the Stroget pedestrian area.
Transaction Volume: Transaction volume of roughly €180m
Management Approach:
  • These very well-situated properties were purchased from a private individual in an off-market deal
  • Repositioning the properties by means of active asset management
  • Converting office space into residential property. Required permits obtained thanks to familiarity with local market
  • Modernising the properties and updating usage concepts
  • Reducing vacancies and bringing rents up to market levels
  • Turning this core+/value-add portfolio into a core portfolio to ensure long-term stable cash flow

Share this article