Catella Real Estate AG (CREAG), Munich, is selling the historic office property "Rosenborg" in central Copenhagen's Norreport office and business district for the special fund "Catella Scandia Chances". The buyer of the property is Jeudan.
The “Rosenborg” property consists of two building sections with five floors each. It was built in 1890 and has a total rental area of 6,076m², of which around 4,790m² is office space and around 1,285m² is restaurant space on the ground floor. Tenants of the property include the Danish creative agency Uncle Grey, the consulting and investment company The Footprint Firm ApS and the restaurant chain Restaurationsselskabet.
Catella Real Estate AG was supported in the transaction by Catella Corporate Finance A/S as an advisor, Plesner Advokatpartnerselskab advised CREAG on legal matters and Ernst & Young P/S on tax matters.
Axel Bertram, portfolio manager at CREAG, said: “After we were able to achieve exceptional returns for our investors with this property over the years, we have now decided to shift our focus to new investment opportunities. This sale offers us the opportunity to generate a decent profit for our investors in challenging times for all market participants."
Jaime Sarra, Senior Investment Manager at CREAG, added: "As part of the restructuring of Catella's portfolio towards higher ESG standards and decarbonization, the property has now been successfully sold to Jeudan. CREAG is currently planning to further expand its portfolio in the Nordic countries, including in the prosperous logistics sector."
Image provided by Catella.
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