Denmark: Urban Partners has acquired a 21,500 sq. metre blended‑use property in Copenhagen from global real estate investment manager Hines.
The property contains an higher‑upscale lodge with 243 rooms and a meals and beverage providing, roughly 3,100 sq. metres of excessive‑road retail and round 1,000 sq. metres of residential models.
The Copenhagen lodge market has skilled sustained development in in a single day stays over time. On the similar time, improvement exercise within the interior metropolis has been restricted by planning constraints, which has restricted the addition of recent lodge provide in central places.
The property is situated at Købmagergade 44A, a excessive‑road retail hall near Rundetaarn. The encircling buildings, relationship again to the 18th and nineteenth centuries, had been most not too long ago renovated in 2022.
Since buying the property in 2018, Hines has accomplished a complete redevelopment and repositioning of the asset, supported by the agency’s built-in improvement and asset administration platform. The sale follows an energetic interval for Hines within the Nordics throughout 2025.
“It is a properly‑situated blended‑use property in central Copenhagen,” stated Thomas Riise-Jakobsen, companion and head of Denmark at City Companions. “Hines has carried out an intensive redevelopment of the historic buildings, with a robust deal with preserving their architectural and heritage qualities. The asset kinds a part of a dense and established city surroundings and displays the blended‑use character of the encircling metropolis.”
“Throughout the total lifecycle of the funding, from acquisition by way of redevelopment, this was a hands-on challenge throughout improvement, leasing, and asset administration,” stated Staffan Unge, senior managing director and head of Nordics at Hines. “That work remodeled a historic property right into a well-functioning mixed-use asset anchored by a lodge and high-street retail. We consider City Companions is well-positioned to take the asset ahead into its subsequent part. Trying forward, we proceed to evaluate alternatives throughout the Nordics, as we increase our presence and allocate capital throughout a number of asset courses, topic to market situations and funding threat.”
Within the transaction, Hines was suggested by Cushman & Wakefield RED and Bruun & Hjejle. City Companions was suggested by Accura as authorized advisor, PwC as monetary advisor, ABC as technical advisor, NHC as business advisor, and Nordea as debt advisor.
Highlights:
- City Companions has bought a 21,500 sq. metre property in Copenhagen from Hines
- Diversified asset with lodge, retail, and residential: The scheme features a 243-room upper-upscale lodge, ~3,100 sq. metres of high-street retail, and ~1,000 sq. metres of residential area
- Situated on Købmagergade close to Rundetaarn, the asset advantages from restricted new lodge provide and robust tourism demand in central Copenhagen
- Hines accomplished a serious redevelopment in 2022, enhancing worth by way of energetic asset administration previous to sale
