Nordic Update
Korean AM in high-profile 1.2 billion DKK deal
Publicerad: 21 december 2018, 14:41
Foto: Gunnar Bach Pedersen/Wikimedia.
South Korean asset manager AIP Asset Management has made its first investment in the Nordic property market as it acquired the headquarters of Danish pharmaceutical giant Novo Nordisk in Søborg, south of Copenhagen, for 1.2 billion DKK.
The property contains 50,000 sq.m. LFA and is fully leased to Novo Nordisk. It consists of three office joint buildings, erected in 2006, 2009 and 2015, Estate Media reports.
Sellers of the properties are Danish institutions Velliv, Tryg, PBU and AP Pension and they were advised by CBRE. The buyer was advised by KanAm, Bruun & Hjejle and Fokus Asset Management, the latter having been awarded the management contract for the property.
“The acquisition of Novo Nordisk’s offices shows our interest and ability to close deals for first class properties in Denmark and other Nordic countries. We are proud to be the first and most experienced Korean asset manager in the market, and we work closely with local partners,” comments Danny K. Y. Kim, CEO of AIP Asset Management.
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