Aviva Investors Real Estate, on behalf of one of its regulated funds, has just entered into an agreement with Gefion Group to purchase the newly renovated commercial property on Niels Juels Gade 9-13, Copenhagen. The property is very centrally located in Copenhagen close to Holmens Kanal, Kongens Nytorv, Danmarks Nationalbank and Christiansborg. The property is 7,650 sqm (over five floors) with parking in the basement and ground floor.

Gefion Group took over the property in December 2017, and Gefion Group's consideration at that time was to transform the property into housing and business. In the development process, Gefion Group, however, got the entire property rented to 3Shape, which makes scanners and software for the dental industry. In connection with the letting of the property to 3Shape, the property has undergone a major facade renovation and renovation of the office space.

“This first investment in Copenhagen represents another milestone in Aviva Investors Real Estates pan-European investment strategy. We are proud to have acquired this prime office property in one of the most attractive Scandinavian markets," says Adrien Beuriot, Head of Asset Management Continental Europe at Aviva Investors.

“We took over the property in December 2017, and in the period since then renovated the property and found an attractive tenant. It has become a really nice and  attractive office property, which we are happy to have made our mark on," says Thomas Færch, CEO, Gefion Group A / S.

“We are pleased to have introduced this investment opportunity to Aviva Investor's Real Estate, and to have brought another foreign investor to Copenhagen. We look forward to working with Aviva Investor's Real Estate in the future," says Jesper Damborg, CEO of Capital Investment, who has advised the buyer.

The buyer and seller agree not to comment on the purchase price.

Gefion Group has been advised by Cushman & Wakefield RED and Bruun & Hjejle, while Aviva Investors Real Estate has been advised by Capital Investment and Accura.