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18 January 2011

M. Goldschmidt Group sells eight properties in Greater Copenhagen to property company Jeudan A/S for DKK 459 million

The M. Goldschmidt Group and Jeudan A/S have entered into an agreement for Jeudan to acquire eight prime location properties in the Copenhagen area. The transaction comprises the following properties:

  • Vester Voldgade 7-9/Sankt Peders Stræde 49, Copenhagen K
  • Borgergade 28, Copenhagen K
  • Gl. Kongevej 147, Frederiksberg C
  • Frederiksberg Allé 66, Frederiksberg C
  • Sankt Nikolaj Vej 8, Frederiksberg C
  • Bisiddervej 31-39, Copenhagen NV
  • Hellerupvej 10, Hellerup
  • Gyngemose Parkvej 78, Søborg

All properties were acquired by M. Goldschmidt Ejendomme A/S over the past couple of years and have undergone post-acquisition modernisation. They stand today as well operated properties generating strong cash flows.

The divestment is a consequence of the M. Goldschmidt Group's strategy to acquire prime location properties in Greater Copenhagen with a view to modernisation and subsequent divestment.

We have a substantial pipeline of properties under development, and we expect to continue to divest properties after modernisation and to continue to scout for new property acquisition prospects in Greater Copenhagen.

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