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AP Pension sells newly-built residential property in Copenhagen

AP Ejendomme, a subsidiary of domestic pension fund AP Pension, sells the residential property Nobelholmen with 192 apartments located in the new sought-after Engholmene area in Copenhagen to an international buyer. Colliers facilitated the transaction.

AP Ejendomme, a subsidiary of the domestic pension fund AP Pension, sells the residential property Nobelholmen with 192 apartments, and a total of some 20,000 sq m, to an international buyer. Nobelholmen is part of the new and attractive Engholmene area in the Sydhavn (south harbour) district of Copenhagen. In spring earlier this year, the apartments in Nobelholmen were completed and the tenants started moving in.

Nobelholmen is the result of a finance and development cooperation with AP Ejendomme and NPV A/S regarding the development of Engholmene. The cooperation enabled the development of more than 700 new residential units, distributed on four residential islands out of a total of 11 islands, at an attractive and prime location at the Copenhagen harbour front.

Peter Olsson, CEO of AP Ejendomme, is proud of having been involved in the development of Engholmene.

“It has been a large development project with units for owner occupation, social housing and private rental properties – and not least the establishment of a new day-care centre. In AP Ejendomme we are proud of having been involved in the realisation of this fantastic district with many attractive apartments for the residents of Copenhagen. With the sale of Nobelholmen we have crossed the finish line with this investment, which has generated a very satisfactory return on investment”, says Peter Olsson, who does not want to further into detail in relation to the sales price of Nobelholmen.

“We have been very pleased with our project at Nobelholmen which has a central location in Copenhagen with short distance to the city centre. But when we received a great offer, we accepted, and we have therefore chosen to sell Nobelholmen. It is a transaction which we think gives great value for both parties”, explains Peter Olsson.

Colliers facilitated the transaction between AP Ejendomme and an international buyer.

”We facilitated the transaction, when AP Ejendomme entered into the finance and development cooperation five years ago. We are happy to have been a part of this transaction just as well, with AP Ejendomme realising a return on investment, which fully matches their original expectations”, says Peter Winther, Executive Director from Colliers.


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