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Portfolio with 99 iconic residential units with triple-A location in central Copenhagen sold to foreign investor

Investment property
99 commonhold units in ”Christiansgården” and ”Kongegården” in central Copenhagen are sold to a foreign investor. Colliers facilitated the sale on behalf of Patrizia.

The portfolio, which is part of the iconic residential building complex of Dronningegården (Queen’s court) in central Copenhagen comprises a total GLA of some 8,200 sq m, distributed on 99 residential units, and 56 parking spaces.

The residential units are located in a very sought-after location, and the individual unit sizes range from 46-195 sq m, and they are therefore expected to appeal to a wide range of tenants and owners. 

“This transaction confirms that residential properties with prime locations always will be in high demand from investors. In spite of the portfolio’s moderate net initial yield, the investor interest has been solid. The buyer is a foreign investor, who will continue with Patrizia’s divestment strategy, where vacant residential units will be divested on the private ownership market as they become vacant”, says Muhamed Jamil Eid, Manager of Colliers Valuation & Advisory. 
 

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Muhamed Jamil Eid

Director and Deputy Head of Valuation & Advisory, Copenhagen

Copenhagen

Muhamed is Deputy Head of the Valuation & Advisory team in Copenhagen and has vast experience with the investment requirements of international clients as well as major Danish pension funds. Areas of expertise include preparing detailed market analyses and valuations and sale of commercial and investment properties as well as advising clients on strategic investment decisions.

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Frederik Nørr Møllebjerg

Director, Capital Markets

Copenhagen

Frederik offers general strategic advice as well as transaction advisory services in connection with acquisitions and divestments of high-volume real estate assets and real estate-related companies. 

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