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Trinity Quarter
Exciting mixed-use value add refurbishment project, comprising of premium high street retail, a hotel and apartments. Located in the heart of Copenhagen’s retail and tourist thoroughfare, the properties are adjacent to the Round Tower, one of Denmark’s most visited tourist attractions.
Investment Strategy
- The Fund acquired two adjacent majority vacant assets located in the heart of Copenhagen that offered a generational refurbishment opportunity.
- Creating a new quarter for shopping and relaxation at the northern end of Købmagergade, and restoring the historic buildings and enhancing their heritage features provides a strong value add profile proposition
- The historic buildings are being transformed into a mixed-use redevelopment of new retail, apartments and a 243-room boutique hotel by innovative hotel company 25hours hotels
- All residential units have been leased above underwriting and retail leases signed with US eyewear retailer Moscot for 77 sq. m and conversations progressing with a major fashion retailer for c.900 sq. m of retail space
At a glance
Location
Copenhagen
Property Type
Logistics
Building Details
19,417 sqm
Built in 2013
Tenant
DNATA Ltd.
WALT
8.85 years WALT
Occupancy
100%
Transaction Details
Acquired
Q3 2018
Net Purchase price
EUR 105-110 million
Business Plan
Long-term hold
Trinity Quarter
Exciting mixed-use value add refurbishment project, comprising of premium high street retail, a hotel and apartments. Located in the heart of Copenhagen’s retail and tourist thoroughfare, the properties are adjacent to the Round Tower, one of Denmark’s most visited tourist attractions.
Investment Strategy
- The Fund acquired two adjacent majority vacant assets located in the heart of Copenhagen that offered a generational refurbishment opportunity.
- Creating a new quarter for shopping and relaxation at the northern end of Købmagergade, and restoring the historic buildings and enhancing their heritage features provides a strong value add profile proposition
- The historic buildings are being transformed into a mixed-use redevelopment of new retail, apartments and a 243-room boutique hotel by innovative hotel company 25hours hotels
- All residential units have been leased above underwriting and retail leases signed with US eyewear retailer Moscot for 77 sq. m and conversations progressing with a major fashion retailer for c.900 sq. m of retail space
At a glance
Location
Copenhagen
Property Type
Logistics
Building Details
19,417 sqm
Built in 2013
Tenant
DNATA Ltd.
WALT
8.85 years WALT
Occupancy
100%
Transaction Details
Acquired
Q3 2018
Net Purchase price
EUR 105-110 million
Business Plan
Long-term hold
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