Nordanö

Divestment of High-Quality Residential Property at Islands Brygge (Copenhagen)

  • Price: Undisclosed
  • Area: 23,179 m²
  • Buyer: Nrep (DK)
  • Seller: Highbrook Investors (US)
  • Financial adviser to Highbrook Investors (US)

Nordanö acted as financial adviser to HighBrook Investors in the divestment of a premium residential property located at Islands Brygge, Copenhagen, acquired by Nrep.

The property comprises 195 modern residential units, 10 commercial units, and a parking basement with a total gross lettable area (GLA) of 23,179 m² (excluding the basement). The property offers tenants exceptional amenities, including an in-house gym, a welcoming courtyard, and one of Denmark’s largest rooftop terraces. Commercial tenants within the property further enhance its appeal, providing residents with direct access to essential services and lifestyle conveniences such as a grocery store, bakery, bike shop, and a variety of restaurants.

The property features a distinctive architectural design and has undergone extensive refurbishment in recent years. It is DGNB Platinum certified and, with the planned installation of solar panels, is set to achieve an EPC A2020 rating underscoring its strong focus on sustainability and energy efficiency.

Nordanö views the sale of A-House as a milestone for the re-opening of the core and high-end residential property market in Copenhagen. This transaction is a prime example of how strategic advisory and a structured process can create value for both buyer and seller. A-House represents an iconic property with modern living and sustainability at its core, and Nordanö is proud to have advised HighBrook in this significant process.

Credentials

Divestment of Danish last-mile logistics portfolio

  • Price: Undisclosed
  • Area: (GLA) 39,000 m²
  • Seller: Commercial Real Estate Denmark P/S (“CRED”), an open-ended fund owned by the Danish pension funds TDC Pensionskasse, P+, Pædagogernes Pension, and Lægernes Pension, along with other investors
  • Sole financial adviser to CRED (DK)

Financing of last-mile logistics portfolio

  • Area: 18 assets across a GLA of 164,170 m²
  • Financing: Senior financing and CAPEX facility. Financing size and terms undisclosed. Lender: KKR (US) via insurance vehicles and accounts. Borrower (client): HighBrook Investors (US).

Financing of Stejlepladsen development

  • Area: GLA of 71,900 (to be developed) m²
  • Lender: Nykredit (DK), Borrower (client): JV between PFA (DK) and By & Havn (DK), Financing: Plot financing, CAPEX facility and senior financing. Financing size and terms undisclosed.

Divestment of purpose-built student accommodation in Greater Copenhagen

  • Price: Undisclosed
  • Area: 13,668 m²
  • Buyer: KKR
  • Seller: TPG Angelo Gordon (US)
  • Sole financial adviser to TPG Angelo Gordon (US)

Divestment of 97,190 m² primarily residential building rights in Copenhagen harbour front location

  • Price: Undisclosed
  • Area: 97,190 m²
  • Buyer: AP Ejendomme (AP Pension) (DK)
  • Seller: By & Havn (DK)
  • Sole financial advisor to By & Havn (DK)

Divestment of 384 residential units, 2 retail units and 124 underground parking spaces in Copenhagen

  • Price: DKKbn 1.24
  • Area: 28,520 m²
  • Buyer: CapMan
  • Seller: NREP and AG Development
  • Sole financial advisor to NREP and AG Development

Forward purchase of residential tower of 20,200 m² in Carlsberg Byen in Copenhagen

  • Price: Undisclosed
  • Area: 20,200 m²
  • Seller: Udviklingsselskabet Carlsberg Byen P/S (DK)
  • Commercial adviser to Quantum Immobilien AG (DE)