The acquired property is attractively located in central Copenhagen near the Copenhagen Lakes and compromises ground floor commercial space spread over mainly cafés and restaurants. Additionally staircases holding primarily unfurbished residential units from the 1st to the 5th floors.
The property holds a substantial development potential which will be enhanced in the coming years.
Lars Rasmussen, CEO Asset Invest Denmark (AID):
“On a general level we believe, that Danish commercial property prices will be dropping further. Current levels of asking prices need to come down taking the macroeconomic situation into account. Having said that, Asset Invest Denmark is still seeking to deploy capital in the market. - We are ready to invest if the right opportunities materialize. We regarded this deal to be such an opportunity.”
Asset Invest Denmark (AID) is a Copenhagen-based investment- and asset management company and an operating partner for selected international investors seeking to execute core, core+ and value-added investment strategies in Denmark.