K3 comprises 3,400 sqm of lettable space with current tenants including global retail brands Zara Home and Monki (of H&M group).

Luxury tenants located opposite the property include Prada, Saint Laurent, Valentino and Louis Vuitton and the continuous growth of high end retailers to the area will be further cemented by the opening of Hermes next year.

“K3 offered investors a perfect mix of secure income with future value enhancement, and the sale achieved one of the lowest yields ever seen in the country. We are delighted to have attained this positive result for our clients who well-timed an exit into a market where best in class high street assets are becoming increasingly trophy hunted due to the current macro environment in Europe. Copenhagen offers the best luxury retailing in the Nordics region and Kobmagergade has become Denmark’s location of choice for high-end brands,” says Oli Fraser-Looen, Director in Savills Cross Border Retail Investment team.