July, 2024

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.

Nordanö acted as financial adviser to Stejlepladsen (a joint venture owned by Udviklingsselskabet By & Havn and PFA) on securing a full financing package comprising plot financing and development financing as well as a frame for mortgage financing of constructed properties with Nykredit.

Constructed in three phases, the development is expected to be finalised in 2028 and comprise 885 high quality residential units and an integrated day care with a total of 71,900 m2. The development is located first line to the water in Sydhavnen surrounded by Fiskerhavnen and the lush, green area Sydhavnstippen.

The development project as well as the residential units targets a DGNB Gold certification and is located in close proximity to the recently constructed Sluseholmen Metro Station.

Credentials

August, 2024

Establishment of joint venture for the development of expectedly 73,000 m² primarily residential building rights

Area: ~73,000 m²
Sole financial adviser to SquareMeter (DK)

August, 2024

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)

August, 2024

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).