Aviva Investors has acquired the CPH Highline building in Copenhagen on behalf of one of its clients. The vendor is Skanska. Completed at the end of 2020, CPH Highline offers a total of 17,000m² of modern office space and is almost fully let to three users on a long-term basis. The building is located in the established office submarket of Havneholmen, which is considered one of the most desirable locations in Copenhagen, offering a maritime environment and views out over the southern harbour area of Sydhavnen. The purchase price was not disclosed.
The building is inspired by New York's High Line, an elevated linear park, greenway and rail trail, the entire roof surface of CPH Highline features a long, green pathway that connect a series of terraces and outdoor spaces. Solar PV panels have also been installed, helping to lower the building’s energy requirements and consumption, as it seeks to achieve a DGNB “Gold” certification.
Gregoire Bailly-Salins, Head of Transaction for Continental Europe at Aviva Investors commented: “We are pleased to finalise this transaction, which further grows our footprint in the Copenhagen market, following acquisitions of the ‘Atlas portfolio’ and Galleri K in the city. Copenhagen is a core office market for our European strategy, whilst the acquisition of CPH Highline, which was developed to the highest environmental standards, also sits well as part of the decarbonisation of our overall investment portfolio.”