Skip to main content Skip to footer

Iconic Copenhagen office landmark sold

Castellum Colliers

Swedish property company Castellum has divested Ferring’s head office along with the Neroport multiuser office building in Ørestad to a fund managed by Genesta.

The sale of the property takes place as part of Ferring’s relocation plans, and a large part of the property is therefore to be re-let. Colliers assisted Castellum in the sale.

The property comprises two buildings designed by Henning Larsen Architects. Constructed in 2002 to serve as Ferring’s new head office, the prominent 20-storeyed Ferring tower was one of the first buildings to be erected in the Copenhagen district of Ørestad. In 2010, the property was expanded with the construction of the Neroport multiuser building, which was to accommodate a mix of office tenants in a contemporary office setting.

Overall, the property extends to a total GLA of approx 32,000 sq m above ground in addition to a 7,000 sq m parking basement. The location is one of the top locations in Ørestad, with metro, motorway and regional trains only metres from the property.

Ferring is relocating to new premises in Scanport in proximity of Copenhagen Airport this autumn. In consequence, the entire office tower and appurtenant laboratory facilities are freed up. Comprehensive reconstruction plans have been drawn up, aiming at conversion into an up-to-date multiuser facility.

The property was offered to a select number of investors that had an appetite for major Copenhagen office properties and the required skills to take on a rebuilding and -letting scheme when Ferring vacates the property.

“Despite some bumps along the way due to COVID-19, we are very satisfied with the process and the final outcome,” says Peter Winther, CEO of Colliers in Denmark, adding, “Both the sell-side and the buy-side showed the necessary responsiveness and flexibility required to close the transaction.”

“The transaction reaffirms a sustained strong confidence in the Copenhagen office market. As the supply of office properties increases in the years ahead, we believe that factors such as micro location, unique concepts and building features will become even weightier parameters. In this respect, Ferring/Neroport serves as a good example,” says Jacob Bruun Borring, Colliers Capital Markets, together with Peter Winther and Emil Helmsøe-Zinck heading the sales effort.


Related Experts

Peter Winther

Executive Director | Partner | MRICS

Copenhagen

Peter is Executive Director and heads Colliers’ Danish Investment & Capital Markets teams. Peter provides strategic property consultancy services and facilitates the sale of commercial and investment properties, including hotels and shopping centres, as well as property portfolios and companies.

View expert