13 Jul 2017

Meyer Bergman Fund Sells Prime High Street Retail Property Portfolio in Copenhagen to Hines

Within the five-year hold period we have institutionalised the assets and are now able to crystallise the value that we have created for our investors.

Marcus Meijer, Chief Executive Officer of Meyer Bergman

A fund advised by Meyer Bergman, the pan-European investment manager specialised in urban mixed-use real estate investments, has completed the €62 million (DKK 460 million) sale of four prime retail properties in central Copenhagen’s premier shopping area to Hines Pan-European Core Fund.

The four buildings sold by Meyer Bergman European Retail Partners II (MBERP II) are on Købmagergade, a pedestrian shopping street that is home to many of the city’s luxury brands. The buildings offer a total of 3,200 square metres, which are fully occupied. MBERP II began assembling a portfolio of high street properties in central Copenhagen in 2012 after identifying the area’s potential and its appeal to international retailers.

Within the five-year hold period we have institutionalised the assets and are now able to crystallise the value that we have created for our investors.

Marcus Meijer, Chief Executive Officer of Meyer Bergman

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