CapMan has sold an iconic office building, located in the Carlsberg District of Copenhagen. The property is a historically listed red building from 1883 and is also referred to as ‘Rød Lagerbygning’ (‘Red Warehouse’). It is being developed by CapMan and Revco and comprises 9,870m² in total. The building is currently undergoing a transformation from its original use as a warehouse and workshop through the 20th century to a modern office building while maintaining its industrial expression.
Peter Gill, Partner and Head of CapMan Real Estate Denmark, said: "We are very satisfied with the sale of this highly attractive property on the Danish real estate market. The refurbishment is progressing well, and the building is characterized by the original rustic industrial expression combined with a modern look and functionalities in a unique combination, that captures the atmosphere of the entire area. We had a great deal of tenant interest in the building and recently signed a long-term lease with Boston Consulting Group."
The buyer is the German family-owned THI Investments. Director Florian Geistmann from THI Investments commented: "It all comes together with the work-live-play of the location, the quality of the asset and the tenant occupying the entire property from 2023. We look forward to the continued collaboration with CapMan and Revco."