Denmark: City Companions has acquired a 21,500 sq. metre blended‑use property in Copenhagen from international actual property funding supervisor Hines.
The property includes an higher‑upscale resort with 243 rooms and a meals and beverage providing, roughly 3,100 sq. metres of excessive‑avenue retail and round 1,000 sq. metres of residential models.
The Copenhagen resort market has skilled sustained progress in in a single day stays over time. On the identical time, improvement exercise within the inside metropolis has been restricted by planning constraints, which has restricted the addition of recent resort provide in central places.
The property is positioned at Købmagergade 44A, a excessive‑avenue retail hall near Rundetaarn. The encompassing buildings, courting again to the 18th and nineteenth centuries, have been most lately renovated in 2022.
Since buying the property in 2018, Hines has accomplished a complete redevelopment and repositioning of the asset, supported by the agency’s built-in improvement and asset administration platform. The sale follows an energetic interval for Hines within the Nordics throughout 2025.
“This can be a properly‑positioned blended‑use property in central Copenhagen,” mentioned Thomas Riise-Jakobsen, companion and head of Denmark at City Companions. “Hines has carried out an in depth redevelopment of the historic buildings, with a robust concentrate on preserving their architectural and heritage qualities. The asset kinds a part of a dense and established city setting and displays the blended‑use character of the encompassing metropolis.”
“Throughout the total lifecycle of the funding, from acquisition by way of redevelopment, this was a hands-on mission throughout improvement, leasing, and asset administration,” mentioned Staffan Unge, senior managing director and head of Nordics at Hines. “That work reworked a historic property right into a well-functioning mixed-use asset anchored by a resort and high-street retail. We imagine City Companions is well-positioned to take the asset ahead into its subsequent part. Trying forward, we proceed to evaluate alternatives throughout the Nordics, as we develop our presence and allocate capital throughout a number of asset lessons, topic to market circumstances and funding threat.”
Within the transaction, Hines was suggested by Cushman & Wakefield RED and Bruun & Hjejle. City Companions was suggested by Accura as authorized advisor, PwC as monetary advisor, ABC as technical advisor, NHC as industrial advisor, and Nordea as debt advisor.
Highlights:
City Companions has bought a 21,500 sq. metre property in Copenhagen from Hines
Diversified asset with resort, retail, and residential: The scheme features a 243-room upper-upscale resort, ~3,100 sq. metres of high-street retail, and ~1,000 sq. metres of residential area
Positioned on Købmagergade close to Rundetaarn, the asset advantages from restricted new resort provide and powerful tourism demand in central Copenhagen
Hines accomplished a significant redevelopment in 2022, enhancing worth by way of energetic asset administration previous to sale
