Press release -
Alma and Kristensen acquire property on the Strøget high street in central Copenhagen
Alma Property Partners and Kristensen Properties have acquired a mixed retail and office property at Frederiksberggade 38 on the well-known high street Strøget, which includes retail tenants such as Sportmaster and Change and office tenants such as Tactile and Ordnung. The property spans over 7,700 sqm, with approximately 75% being office and the remainder retail.
Part of the property was newly built in 2019, while the other part was extensively renovated the same year, ensuring modern facilities and a high standard for both office and retail leases. The rental income is approximately half retail and half office.
Hüseyin Meric, Partner at Alma Property Partners, comments: “We are pleased to enter a partnership with Kristensen Properties regarding this exciting property and to take an active part in the positive development of Frederiksberggade, where the City of Copenhagen has allocated DKK 8 million for a physical upgrade of the street. At the same time, we would like to thank Abrdn and Capital Investment for delivering a high-quality property and a smooth transaction process.”
Jeppe Lynge, COO at Kristensen Properties, comments: “We are pleased with the good collaboration with Alma Property Partners on this property and expect more acquisitions together. We look forward to executing our business plan for the property, which includes a focus on ESG initiatives. Additionally, we will change the tenant mix and actively participate in the development of this part of Strøget, which we believe has untapped potential.”
Alma Property Partners and Kristensen Properties have been advised by Accura, PwC, and KHR. The seller is Abrdn, which has been advised by Capital Investment, CBRE, Lundgrens, and EY.
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About Alma Property Partners
Alma Property Partners is a real estate investment company focused on the Nordic Region and manages three opportunistic real estate funds with over €700 million in capital commitments. The company is built on the principles of active ownership and strong alignment with investors and is therefore fully owned by the management team. The team has extensive experience and a strong track record in Nordic real estate investment and asset management. Alma aims to be the partner of choice for institutional investors seeking real estate exposure in the Nordic Region. For more information, please visit: www.almaproperty.se.
Alma Property Partners contact:
Hüseyin Meric, partner, huseyin.meric@almaproperty.dk, tel. + 45 3165 0042
About Kristensen Properties
Kristensen Properties A/S (K Properties) has been working with real estate investment, development, and management in Denmark and Germany for more than 25 years.
K Properties has a long-standing, close collaboration with Danish pension funds and an established partnership with international institutional investors, where they as co-investor and Asset Manager manage the investments.
Kristensen Properties contact:
Jeppe Lynge, COO, jll@kristensenproperties.dk, tel. + 45 2015 5053