Klövern Acquires in Copenhagen

Denmark Denmark Klövern has acquired an office property in Frederiksberg, Copenhagen, from Niam for an underlying property value amounting to MDKK 620 (EUR 83M).

2017-11-03

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The property, which has a lettable area of approximately 19,300 sq.m., and around 9,600 sq.m. of garage space, is fully let on a long contract with Copenhagen Business School (CBS) which runs until 2028. The rental value amounts to MDKK 30 (EUR 4M) per year. CBS is one of the largest business schools in Europe, with more than 20,000 students, and has conducted its operations on the property since 2004.
 
"It is very gratifying that Klövern enters the Danish property market. It is positive that we as a basis for our establishment in Copenhagen get exposure in the form of a centrally located high-quality property with a long lease contract with a very reputable tenant", says Rutger Arnhult, CEO of Klövern.
 
The acquisition will primarily be financed with bank loans.
 
Transfer of possession is planned to take place on 1 February 2018.
 




Axel Ohlsson
axel@nordicpropertynews.com




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