Niam has divested three office buildings in Denmark, all within 20-minutes drive from central Copenhagen. Together the properties comprise 32,600m² of gross lettable area. The sale price was not disclosed.
Two of the properties, VAT83 and Telefonvej, are in Gladsaxe, just northwest of Copenhagen. VAT83 is a modern, flexible and sustainable multi-user property with a DGNB Silver environmental certification. The anchor tenants are AGC Biologics, Lenovo and TEVA. Telefonvej is a fully let office and fitness property with Fitness World and Thales Denmark as the main tenants. The third property in the portfolio, Nybrovej, is situated in Lyngby. With its 10,000m² lettable area, it offers the tenants a fully refurbished, flexible and sustainable domicile office property. It is DGNB Silver environmentally certified and the anchor tenant is Danish Building and Property Agency.
Michael Berthelsen, Country Manager, Denmark said: “We purchased these properties seven years ago and have succeeded in getting credible tenants in both VAT83 and Nybrovej as well as having the properties certified according to DGNB classification. We have now divested the properties to NREP who will continue to manage them and its tenants responsibly”.
Anders Ostergaard Hansen, Head of Office investments NREP, said: ”We look forward to meeting the existing tenants in the portfolio to hear about their plans and needs, which we look forward to finding solutions to. Flexibility and customer orientation are keywords for us and the cornerstones of NREP's new office brand Woods”.
