Urban Partners has acquired a 21,500sqm mixed‑use property in Denmark’s capital from Hines for an undisclosed sum.
The property located at Købmagergade 44A in Copenhagen consists of an upper-upscale hotel featuring 243 rooms and a food and beverage offering, alongside approximately 3,100sqm of high-street retail and 1,000sqm of residential units.
Thomas Riise-Jakobsen, partner and head of Denmark at Urban Partners, said: “This is a well‑located mixed‑use property in central Copenhagen. Hines has carried out an extensive redevelopment of the historic buildings, with a strong focus on preserving their architectural and heritage qualities.
“The asset forms part of a dense and established urban environment and reflects the mixed‑use character of the surrounding city.”
Hines, which acquired the property in 2018, has completed a comprehensive redevelopment and repositioning of the asset.
Staffan Unge, senior managing director and head of Nordics at Hines, said: “Across the full lifecycle of the investment, from acquisition through redevelopment, this was a hands-on project across development, leasing and asset management. That work transformed a historic property into a well-functioning mixed-use asset anchored by a hotel and high-street retail.
“We believe Urban Partners is well-positioned to take the asset forward into its next phase. Looking ahead, we continue to assess opportunities across the Nordics, as we expand our presence and allocate capital across multiple asset classes, subject to market conditions and investment risk.”
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