Helaba Finances Danish Office Property for South Korean Fund Managed by AIP

Denmark — In its capacity as mandated lead arranger, agent and sole underwriter, Helaba is financing an high-quality office complex in the Greater Copenhagen area in<br /> an amount of DKK 722 million (approx. EUR 96.8 million) for South Korean AIP Asset Management. The property is located in Søborg and is a large domicile property of approximately 50,000 sqm, fully let to the global pharmaceutical company Novo Nordisk A/S.

2019-03-15

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 will be looking to continue expending our asset allocation into Nordics in cooperation with Helaba and the partners which made the project possible."

Michael Kröger, Head of International Real Estate Finance at Helaba: “In our perception Denmark is enjoying more and more investor´s appetite and we are proud to assist AIP with their first real estate transaction in the Nordics. The transaction demonstrates our approach to follow our international clients into their target markets. The prestige property also complements Helaba's diversified portfolio in the Nordics, which is a key target market of Helaba in Europe.”

The financing was provided by Helaba´s Nordic Real Estate Desk, which is covering all real estate businesses in Sweden, Finland, Norway and Denmark, backed by all asset types.

Axel Ohlsson

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