Wihlborgs makes profitable divestment in Copenhagen

Publicerad: 16 Mars 2019, 16:41

Glentevej 61-65.

Foto: Wihlborgs.

Wihlborgs has divested a pair of properties in Copenhagen to Viscop Eiendomsselskab for SEK 310 million. The office properties Glentevej 61-65 and Glentevej 67-69 have a total LFA of 17,400 sq.m.

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Wihlborgs Fastigheter

They were acquired in the autumn of 2016 for SEK 172 million but as the area is being redeveloped into a residential area, Wihlborgs has decided to sell them. The transaction will be closed on March 29th.

“Wihlborgs focuses on owning, managing and developing commercial properties. We welcome positive and forward-thinking urban development, and with the neighbourhood now being the subject of residential development, our natural course of action is to sell the properties to a company that specialises in converting and developing housing,” says Ulrika Hallengren, CEO of Wihlborgs Fastigheter, in a press release.

Sverrir Thór

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Wihlborgs Fastigheter

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