April 1, 2020

DANSKE BANK’S HEAD OFFICE at the centre of copenhagen acquired BY A thylander CONSORTIum

“This is a unique and historic opportunity to enrich the city with a new unique urban environment in high quality for the benefit of Copenhagen”, says Lars Thylander, Chairman of the Board of Thylander and continues; “An opportunity like this is only encountered a few times in life, and we are proud that the Thylander Group will have the central role in unleashing the potential for the benefit of current and future generations in Copenhagen.”

This is a total property complex of approx. 50,000 sqm distributed over 15 buildings uniquely located at King’s Square in the centre of Copenhagen. The oldest buildings are more than 200 years old and contain important architectural values ​​and a rich history – not just about Danske Bank, but also about Copenhagen and Denmark.

The properties are fully let to Danske Bank, which in 2023 will move its headquarters to a newly built domicile on “Postgrunden” right next to the Copenhagen Central Station.

Following Danske Bank’s relocation, the area will undergo a significant transformation. From being closed and introverted, the area will be developed into an outward-looking and integrated part of city life with an attractive mix of high-end offices, shops, hotels and restaurants.

Kristian Krogh, CEO / Managing Partner at Thylander says: “We know It is unusual to announce such a large transaction these days, but we have a long-term focus, and we have several years ahead of us to plan the development of the properties.” He adds; “Our talented team has done a huge job of realizing the acquisition, and now we are starting the inspiring development work. We will further strengthen our organization with skilled employees to assist with this and other exciting projects that we are working on at Thylander. ”

The transaction is mediated by CBRE on behalf of Aberdeen Standard Investments represented by Capital Investment. The buyer has been advised by Colliers International and Accura Lawfirm. The German pension fund Ärzteversorgung Westphalen-Lippe is represented by KanAm Grund Group.

The parties have agreed not to disclose the purchase price.

Further questions can be directed to:
Lars Thylander, Chairman of the Board, lt@thylandergruppen.dk, Tel. +45 22 14 43 27
Kristian Krogh, Managing Partner, krogh@thylandergruppen.dk, Tel. +45 21 31 00 55