NREP and Dades sell a property portfolio of four office properties to the family-owned property group Rent Estate.
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The portfolio transaction is in the three-digit million range. We acted as adviser to the seller in the transaction. The four office properties are located at Borupvang 5C in Ballerup and Telegade 1, Spotorno Allé 2-10 and the neighbouring property Spotorno Allé 12 in Høje Taastrup. With this transaction, Rent Estate adds a portfolio of more than 20,000 square metres of office space, which i.a. houses tenants such as the engineering consultancy firm Dansk Ingeniørservice, the insurance and pension consultancy firm Söderberg & Partners and the freight company DB Cargo Scandinavia.
In the current macroeconomic environment, property is an attractive investment object that offers an inflation-proof running yield, as rental income is adjusted in line with inflation. Accordingly, the property owner can obtain relatively stable yields and less risk, which, in combination with the quality and location of the properties, supports that the traded portfolio is a very exciting investment with great development potential
Mikkel Andersen, partner
We are pleased that we were able to assist both buyer and seller in reaching a mutually satisfactory transaction. Despite the current challenges in the market, the transaction, according to Mikkel Andersen, confirms that investment activity continues to stand its ground, with the major driving forces being a strong demand and a significant need for placing capital among the investors.
With our analyses, data and local market knowledge we were able to identify the portfolio's potential, laying the groundwork for a mutually beneficial transaction.
We thank the parties for excellent cooperation and congratulate the parties on the transaction.
