Hines has secured a large debt-financing package on behalf of The Trinity Quarter, its landmark hotel and retail redevelopment in the heart of Copenhagen.
The debt facility, which represents in excess of DKK 1 billion ($154 million) was secured with financial services group Nordea, with Catella Corporate Finance acting on behalf of Hines.
Hines acquired the Universitets Passagen buildings on behalf of the Hines European Value Fund (HEVF) in 2018 and announced plans for the redevelopment in January 2019. Recently, Hines unveiled details of its plan to create a new quarter for shopping and relaxation at the northern end of Købmagergade, retaining and restoring historic buildings with their heritage features showcased. The name of the mixed-use redevelopment reflects its location adjacent to the historic Trinitatis church. In addition to transforming the retail offering, the redevelopment will feature a 243-room 25hours hotel designed by celebrated interior designer
