Built in 1901, Vesterbrogade 80 is located in a busy area of central Copenhagen also known as Little Paris due the trendy shops and restaurants in the area. The 7,955 sqm building consists of 12 large residential units, seven office suits, two retail units and two restaurants.

“The timing is excellent for adding this well-located property into our portfolio as the Copenhagen real estate market, especially the residential market, is experiencing strong growth and investment demand. Vesterbrogade 80 has several value-add opportunities including modernising and converting space for residential use”, comments Torsten Bjerregaard, Senior Partner at CapMan Real Estate.

The transaction has bank financing from SEB and is done in partnership with Keystone Investment Management.

The focus of the CapMan Nordic Real Estate fund is to acquire office, retail and residential properties located in established submarkets of major Nordic cities. The fund has made eleven investments of which six are located in Denmark. These include the investment in the development of the shopping centre BROEN in Esbjerg, nine properties on Amagerbrogade in Copenhagen, the development of new apartments in Copenhagens Nordhavnen, the office building Finsensvej in Copenhagens Flintholm and two prime residential properties in central Copenhagen.