AP Ejendomme, the property arm of Danish pension fund AP Pension, has sold a 50% stake in a local Copenhagen building complex to a KanAm Grund fund managed on behalf of a north German pension fund.
KanAm has invested an unspecified sum to acquire half of the Svanemølleholm building complex that serves as the new headquarters of Danish financial services firm Nykredit and AP Pension.
The property consists of three building sections and offers a total area of around 75,500sqm.
Anthony G Bull-Diamond, managing director and head of investment and asset management Europe at the KanAm Grund, said: “The transaction is further evidence of our pan-European expertise and strategy of investing into prime offices across key European cities and leveraging this advantage for our investors.
“With this strategic joint venture, we are delighted to join forces with AP Ejendomme in facilitating a long-term cross-border partnership of pension institutions.”
Peter Olsson, CEO of AP Ejendomme, said: “We are also delighted to collaborate closely with KanAm Grund Group to offer a great working environment for employees in Nykredit and AP Pension here on Svanemølleholm.
“With the sale of half of the shares, we are entering into a long-term partnership.”
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