Danish real estate firm Sjælsø Gruppen has signed an agreement to sell an existing office property at Linde Allé in Nærum and a new REMA 1000 retail centre in TV-Byen, both in Denmark, to the property arm of Copenhagen-based M. Goldschmidt Holding. Under the agreement, Sjaelso is to acquire a commercial site at Trollesminde Erhvervspark in Hillerod from a fully owned company in the M. Goldschmidt Group.
Danish real estate firm Sjælsø Gruppen has signed an agreement to sell an existing office property at Linde Allé in Nærum and a new REMA 1000 retail centre in TV-Byen, both in Denmark, to the property arm of Copenhagen-based M. Goldschmidt Holding. Under the agreement, Sjaelso is to acquire a commercial site at Trollesminde Erhvervspark in Hillerod from a fully owned company in the M. Goldschmidt Group.
The transactions will take effect from 31 December 2008, but the financial details were not disclosed.
The office property in Nærum comprises about 16,000 m2 and is partly let. Sjælsø will retain the remaining construction rights in the area which, over the next few years, are expected to be developed for residential units, comprising terraced houses as well as apartments.
At TV-Byen in Gladsaxe, Sjælsø has leased 1,000 m2 to a newly established REMA 1000. The store is sited in one of the area's original buildings and is part of the project's retail offering along with an IRMA and a FAKTA.
Sjælsø is acquiring a commercial property with construction potential for 20,600 m2 offices as well as basement areas at Trollesminde Erhvervspark in Hillerod. The company said it expects to develop projects on the site over the next few years. There is potential for establishing either small-scale head offices or an overall commercial project for one tenant.
The Danish company also said it is maintaining its previously announced profit expectations for 2008: a profit before tax of DKK 250-350 mln, excluding any value adjustments.
