CapMan Social Real Estate (CMSRE) acquires a historical office and educational property, currently fully let to Copenhagen Business School (CBS), and situated in Frederiksberg, Copenhagen, Denmark. This is the second investment for the recently established CMSRE fund which made its first investment in central Helsinki earlier this year. The investment executes on the funds' strategy to build a well-diversified portfolio of social real estate properties across the Nordics.
The property is located in Frederiksberg, right next to the Frederiksberg Gardens and close to central Copenhagen. It consists of 19,300m2 of lettable office and educational space set in historical buildings originally built in 1882 with later additions. The buildings used to function as a porcelain factory and have since been converted into offices, classrooms, and lecture halls, preserving the original characteristics of the buildings.
CapMan Real Estate will perform accessibility improvements as well as energy efficiency improvements in alignment with the CRREM energy reduction pathway in the buildings. It also plans to pursue EU taxonomy alignment (climate change mitigation) and DGNB In-Use certification for the asset. The property currently holds energy performance certificate A (2010).
“We are glad to acquire this property which marks the second investment for the CMSRE fund and expands its portfolio in the Nordics. Porcelaenshaven is a special property in a unique location and therefore it represents the type of asset we are looking for in this fund. We look forward to developing the asset to support the needs of the students, teachers, and personnel at CBS,” shared Peter Gill, Partner and Head of CapMan Real Estate Denmark.
Image provided by CapMan
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