South Korean AIP Makes Their First Investment in Denmark
Denmark South Korean AIP Asset Management has acquired a large office property in Søborg (Copenhagen). This investment is AIP’s first property investment in Denmark and the Nordics.
Danny. K. Y. Kim, CEO, AIP Asset Management, comments: "Novo Nordisk office acquisition demonstrates our interest and ability to close prime assets in Denmark and other Nordic countries. We are proud to be the first and will be the most experienced Korean asset management company working closely with our valued local partners in this market."
The property is acquired at a price of DKK1,200 million (approx €160 million) Seller is a company owned by the Danish institutional investors Velliv, TRYG, PBU and AP Pension, who were advised by CBRE.
Buyer has been advised by KanAm, Bruun & Hjejle and Fokus Asset Management, and has entered into a property management agreement with the latter.
”We are exceedingly proud about the international cooperation in connection with this transaction and have great respect for AIP’s in-depth and detailed approach to their first property investment in Denmark”: comments Tonny Nielsen, CEO / Partner, Fokus Asset Management A/S in this connection.