The acquisition was completed as a company transaction by acquiring Bytorv Horsens ApS, which owns Bytorv Horsens.
Horsens is a city characterized by strong growth both in population and commercially. And with a unique location in Horsens city center and the pedestrian environment, good accessibility and status as the only covered shopping centre in the city, Bytorv Horsens has the potential to achieve a very dominant position in the market.
The new owner will revitalize the centre both internally and externally. Internally, this will be done through a major refurbishment of the centre's first floor, which will provide the centre with 2-3 new, major anchor concepts in areas such as F&B and leisure, a significant expansion of the existing anchor shop Sport 24 and several other exciting initiatives at the centre’s ground floor. Externally, the new owners want to modernize and renew the facades of the centre towards both the pedestrian street and Løvenørnsgade.
The objective is that Bytorv Horsens will, with the implementation of this extensive revitalization, take on its natural role as the completely dominant focal point of retail in Horsens city center.
SSCP will have the overall responsibility for management of the centre. SCP was established about 2 years ago and has Scandinavia/the Nordic countries as its market area; initially focusing on the Danish centre market, but can later also include both the Swedish, Norwegian and possibly Finnish markets.
SSCP's strategy is to acquire primarily larger, well-established shopping centres located in strong retail cities and retail areas, and through the team's know-how and expertise, further develop the shopping centres; both commercially and in terms of return. The company expects to initiate further acquisition of centres in both Denmark and Sweden within the coming years.
SSCP is owned and managed by a number of professional partners with many years of experience and competencies built through leading positions at major shopping centre owners and operators, managing large shopping centre portfolios in Scandinavia.