Danish property group Jeudan has purchased a portfolio of seven commercial and residential properties in Copenhagen for a total price of DKK 454 mln (EUR 61 mln). The vendor is shipping and real estate group Norden.
Danish property group Jeudan has purchased a portfolio of seven commercial and residential properties in Copenhagen for a total price of DKK 454 mln (EUR 61 mln). The vendor is shipping and real estate group Norden.
'We are pleased to expand our investments in central Copenhagen at a time when the supply of well-located quality properties is limited,' said Jeudan's CEO Per W. Hallgren.
The acquisition is in line with the company's strategy to invest in well-located high-quality properties in the capital city, the company added. The properties provide a total area of 16,500 m2 and offer an average annual yield of 5.6%.
