Jeudan, Denmark's largest listed real estate company, has acquired the Rosenborg office building in Copenhagen from Catella Real Estate AG (CREAG).
The asset was divested on behalf of special alternative investment fund Catella Scandia Chances.
The property, which is located in central business district Nørreport, comprises 6,076 m2 of space over five floors. Around 4,790 m2 is office space and around 1,285 m2 is restaurant space on the ground floor.
Tenants of the property include the Danish creative agency Uncle Grey, the consulting and investment company The Footprint Firm ApS and the restaurant chain Restaurationsselskabet.
The main shopping street Frederiksborggade & Strøget is within walking distance of the property, which connects the Town Hall Square with the New King's Market via several consecutive streets.
Axel Bertram, portfolio manager at CREAG, said: 'After generating exceptional returns for our investors with this property over the years, we have now decided to shift our focus to new investment opportunities. This sale offers us the opportunity to generate a decent profit for our investors in challenging times for all market participants.'
Jaime Sarrà, senior investment manager at CREAG, added: 'As part of the restructuring of Catella's portfolio towards higher ESG standards and decarbonization, the property has now been successfully sold to Jeudan. CREAG is currently planning to further expand its portfolio in the Nordic countries, including in the prosperous logistics sector.'
The Catella Scandia Chances fund focuses on the Scandinavian countries of Sweden, Norway, Finland and Denmark. In addition to regional diversification, it covers office, retail, logistics and, to a small extent, properties with other types of use.
Catella Real Estate was supported in the transaction by Catella Corporate Finance as an advisor, Plesner Advokatpartnerselskab advised CREAG on legal matters and Ernst & Young P/S on tax matters.
