Catella advised NIAM on DKK 620 million sale to Klövern

NIAM, one of the leading Scandinavian private equity real estate firms, has sold Porcelænshaven 16-26, centrally located in Frederiksberg, Copenhagen. The property, which is part of the former Royal Danish Porcelain Factory, was sold to the listed Swedish real estate company Klövern AB for DKK 620 million.

The sale comprises an office property with a lettable area of approx. 19,300 sq.m. as well as approx. 9,600 sq.m. underground parking facilities, which are fully-let to Copenhagen Business School on a long-term contract running until 2028.

“Since five years, we have experienced a steep increase in Nordic cross-border transactions. With the clear ambition of being the true leading Pan-Nordic corporate finance advisor within real estate, it is of strategic importance to facilitate relevant investment opportunities for professional investors across the Nordic region. In a competitive global environment, Denmark as a triple A-rated economy with healthy macro-economic fundamentals still provides attractive risk-adjusted returns for long-term investors”, says Jesper Bo Hansen, Head of Corporate Finance at Catella.

“We appreciate the trust and the mandate given to Catella by NIAM and we are delighted that this transaction enables us to welcome Klövern to the Danish real estate market”, concludes Jesper Bo Hansen, Head of Corporate Finance at Catella.