Commercial Real Estate Denmark's 31 properties primarily include centrally located office properties in Copenhagen and some logistics and retail properties in Jutland.
"We are looking much forward to the collaboration with the property fund “Commercial Real Estate Denmark” and not least starting the work, in collaboration with Cobblestone, and repaying the trust by ensuring a stable and profitable management of the fund's assets," says Daniel Hedemann, COO at Rubik Properties.
"This management agreement is a recognition and proof that RUBIK Properties' international management principles characterized by aligned interests between the manager and the client, process security and process management, systematic focus on performance and radical transparency are valued highly by Danish investors", says Jacob Smergel-Krog, CEO at Rubik Properties.
Chairman of the board Leif Stidsen from Commercial Real Estate Denmark states in relation to the change of manager:
"We on the board believe that further value can still be created in the portfolio. It sometimes requires new eyes on the properties, and we have therefore decided that the time has come to make a change of manager."