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Danish High Street retail portfolio changes hands
Cordea Savills has made its first investment in Denmark on behalf of the European Commercial Fund, acquiring a High Street retail portfolio in Copenhagen from Meyer Bergman for approximately €70 million.
“This transaction further underlines the appeal of the Nordic region to a growing pool of international capital and follows on from the sale of Rosengårdcentret in 2013. We are already seeing a similar depth of appetite for other core shopping centres in the region,” says Michael Rodda, head of EMEA retail investment at Cushman & Wakefield, which advised Meyer Bergman.
The portfolio totals 8,046 square metres of retail and office space, and tenants include Gina Tricot, Diesel, Geox and Esprit. The assets