Colliers Denmark Market Report 2025

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COLLIERS MARKET REPORT 2025

HOTEL INDUSTRIAL AND LOGISTICS RETAIL RESIDENTIAL OFFICE

Limited amount of core capital

300

0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0%

250

200

150

100

50

0

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24

Core capital, DKKbn (l.a.)

Long-term interest rate, eurozone (r.a., inverted)

Increase in risk-tolerant capital

800

700

600

500

400

300

200

100

0

10

11

12 13

14

15

16

17

18

19

20

21

22 23

24

Value-add/opportunistic capital, DKKbn

Note: Capital allocated to the European property market (dry powder), DKK billion. The long-term interest rate is based on the interest rate on 10-year government bonds in the eurozone and is constructed by Eurostat. Core capital is made up of allocated capital for both the core and core+ segments. Data from RealFinX is limited as it only consists of private property funds and therefore excludes e.g. direct investments made by pension funds and private property companies. Source: RealFinX, Eurostat, Colliers