“Titan Hus has an attractive location in Copenhagen Science City and near the newly opened metro. The house has several exciting tenants and the building invites to a dynamic environment. Therefore, we see good potential and opportunities to develop the property further. With the property's considerable size and interior design for multi-user office buildings, it fits well with our strategy for the office segment,” says Toke Clausen, Investment Manager at NREP in Denmark.
NREP is now undergoing a renovation of Titan Hus, which includes, among other things, a renovation of facades as well as the empty areas of the building. This is to ensure the future of the building and to ensure that the property follows the positive development that the area is undergoing.
Titan Hus is sold by Tatin ApS, a company with four shareholders, of which Dreyer's Fund is the main stakeholder. The sale of Titan Hus comes after a couple of major property acquisitions in the area around Frederiksberg Allé earlier this year, where the fund now has 10 large properties out of a total of 23 properties in Greater Copenhagen distributed by housing, business and industry.
“As the Dreyer’s Fond focuses primarily on having well-located residential properties in the portfolio, it makes sense to dispose of selected properties. We are very pleased to have sold the property Titan Hus to a professional player like NREP who can both take good care of existing tenants and further develop this large and exciting property centrally located in a progressive area with enormous development potential," says Bo Rygaard, CEO director Dreyer's Fond.