PATRIZIA completes disposal of flagship Abercrombie & Fitch store
PATRIZIA Immobilien AG announces that it has completed the disposal of a 2,950 sq m prime retail property in central Copenhagen. The property was sold to an institutional investor in an off-market transaction.
Most of the property is let to US fashion brand Abercrombie & Fitch, making the flagship store the chain’s largest and oldest in Northern Europe. The asset is located in a prominent position on Købmagergade in Copenhagen’s old town, home to international retailers including Diesel, MAC and Louis Vuitton.
The sale was carried out by PATRIZIA’s Copenhagen-based Danish subsidiary PATRIZIA Denmark, in close collaboration with specialists from the PATRIZIA Retail Fund Management team. “This transaction demonstrates the strength of appetite for international investments,” stated Rikke Lykke, Managing Director, PATRIZIA Denmark. “PATRIZIA’s strong pan-European network provides our clients with broad ranging knowledge and local expertise to ensure they achieve the best opportunities for both investments and strategic disposals.”