The KanAm Grund Group has purchased the King Square site in the heart of Copenhagen for the German pension fund Arzteversorgung Westfalen-Lippe. This is a unique portfolio with approximately 49,000m² of lettable space in direct proximity to the central King’s New Square (Kongens Nytorv). The plot includes a portfolio of 15 buildings built between 1796 to 1971, 14 of which are office buildings and one is a parking garage. The sole tenant is Danske Bank, which uses buildings as headquarters.
The plan over the next few years is to refurbish and redevelop the buildings, some of which have historical character, and to develop the site into a mix of office, retail, hotel and private living space in its unique location. The property was sold by Aberdeen Standard Investments. It has been agreed to keep the sales price confidential.
