The CapMan Nordic Real Estate fund has acquired a mixed-use property with an excellent location at the intersection of Frederiksbergs Alle, Vesterbrogade and Vaernedamsvej, which are all well-known high streets in the center of Copenhagen.
Built in 1901, Vesterbrogade 80 is located in a busy area of central Copenhagen also known as "Little Paris" due the trendy shops and restaurants in the area. The 7,955 m² building consists of 12 large residential units, seven office suits, two retail units and two restaurants.
"The timing is excellent for adding this well-located property into our portfolio as the Copenhagen real estate market, especially the residential market, is experiencing strong growth and investment demand. Vesterbrogade 80 has several value-add opportunities including modernising and converting space for residential use," comments Torsten Bjerregaard, Senior Partner at CapMan Real Estate.
The transaction has bank financing from SEB and is done in partnership with Keystone Investment Management.