Halmtorvet 20-22

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INTRODUCTION

Prominent Copenhagen CBD office property ideally suited for hotel conversion

Colliers International Danmark A/S (Colliers) has been assigned with the sale of Halmtorvet 20-22, DK-1700 Copenhagen V (the Property). Comprising 7,500 sq m in total, including 1,270 sq m parking basement, the Property has over the past 30 years or so served as police station, featuring mainly office space on upper floors. Today, however, the Property is vacant and ready for redevelopment. Originally built in 1961 as a column and beam construction, the Property is a landmark building believed to be ideally suited for hotel conversion due to its excellent location in the heart of Copenhagen in proximity of Copenhagen Central Station. The Copenhagen hotel market has made a full recovery since the slowdown due to the COVID-19 lockdowns, with Copenhagen city hotels today posting golden industry KPIs in terms of occupancy rates and room rates. Colliers has been retained as sell-side advisor by Commercial Real Estate Denmark P/S (the Seller) on the proposed structured sale of the Property (the Transaction).

Co-owned by domestic funds TDC Pensionskasse (TDC Pension Fund), P+, Pensionskassen for Akademikere (P+, Pension fund for academics), LPK, Lægernes Pension (Danish medical doctors' pension fund), PBU, Pædagogernes Pension (Pension fund for early childhood and youth educators), Aage V. Jensen Charity Foundation and Aage V. Jensen Naturfond, the Seller owns and operates a major portfolio of commercial real estate assets across Denmark, with the largest component being Copenhagen office properties. For details on the bidding process and timeline, please refer to the process letter accompanying this Investment Memorandum. Please note that the deadline for indicative offers is 3 December 2024 ,12.00 hrs (CET). The purpose of the Investment Memorandum is to set out the details of the Property, assisting interested parties in making their own assessment of the Transaction and the redevelopment opportunity. Interested parties will be offered the opportunity to conduct viewings of the Property with a Colliers representative by prior appointment.