Real Estate

Growing residential market in Copenhagen

Amagerbrogade portfolio

 

CapMan Real Estate acquired the Amagerbrogade portfolio in 2013. The portfolio consists of nine mixed residential and retail properties centrally located on Amagerbrogade, a well-known high street leading to the city centre of Copenhagen. Due to migration and current housing shortage, there is a high demand of residential space in Copenhagen and further value-add potential from un-modernised apartments and mismanaged retail space.

Focus on modernisation and selective new developments

The case team has actively participated in the “Ny Amagerbrogade” project by city of Copenhagen. The project’s aim is to develop the area and make Amagerbrogade more attractive environment for citizens, retailers, pedestrians and cyclists.

In July 2017, Amagerbrogade portfolio was sold to the Swedish real estate company

"We are very pleased to complete another successful exit from our Nordic Fund. We have executed the business plan of upgrading the properties; reducing the retail vacancy, and increasing the Net Operating Income by 140 % over a 4-year period," comments Torsten Bjerregaard, Managing Partner at CapMan Real Estate.

Key facts:

Location: Copenhagen, Denmark
Investment period: 2013 - 2017
Type: 106 residential units, 7,221m2 retail/other
Leasable area: 16,512 m2

Investment: 2013

Case responsible: