CapMan Nordic Real Estate II Fund has acquired a retail and office property located at Købmagergade 42 in Copenhagen. The property has a total leasable area of c.4,300m² and is located in one of the main pedestrian streets in Copenhagen. The property is within a short walking distance from Nørreport Station (500 meters) and Kgs Nytorv (600 meters). The property is the sixteenth acquisition of the €425 million Nordic Real Estate II fund raised in 2017. The focus of the fund is to invest mainly in the office, retail and residential properties located in established submarkets of major Nordic cities. The purchase price was not disclosed.
“We are very pleased with the acquisition of this unique property. As per our value-add strategy, our plan is to upgrade the property into modern high-street retail and office space”, commented Peter Gill, Investment Director at CapMan Real Estate.