Focus report Copenhagen - Colliers Denmark 2024

OFFICE - COLLIERS FOCUS REPORT COPENHAGEN 2024

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INDUSTRIAL/LOGISTICS RETAIL RESIDENTIAL OFFICE

In 2023, the office investment property market was characterised by a general reluctance among interna tional investors. This is due to the international frame of reference, where rising vacancy levels and falling rents have kept international investors on the sidelines. In addition, it has not made things easier that some Swedish and German investors, who have previously been particu larly active in the core office property market in Copen hagen, are also challenged by current market conditions. The caution among international investors has opened the door for domestic investors, who have had the opportunity to complete some attractive deals. Espe cially domestic pension funds, previously struggling to be

competitive on the pricing of the most attractive office properties, have entered into major deals. AP Pension's acquisition of Codanhus and Kalvebod Brygge 32 clearly shows that the market has shifted and that transactions can easily take place when there is a realistic seller and a buyer who dares to act when the opportunity arises. In 2024, we expect that domestic investors, especially Danish pension funds, will continue to benefit from the wait-and-see attitude among international investors in the market. However, we also expect investment market transactions to pick up as more international investors recognise the potential of the Copenhagen occupational market.

Njalsgade 19-23, Copenhagen S

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