AMWatch

Sold Copenhagen retail street property involved in EUR 65m transaction by BMO Real Estate Partners

Canadian investor's entry in the Danish market in October is part of a major European transaction. According to fund manager, the property adds diversification to the fund's portfolio.

The property in the heart of Copenhagen contains both store and apartments. | Photo: PR / BMO Real Esate Partners

An about 3,600 sq m property in Copenhagen prime retail street Vimmelskaftet – which EjendomsWatch reported sold in October – is part of major investments for the Best Value Europe II fund, which invests in retail property across Europe, writes BMO Real Estate Partners, which is the investor behind the fund, in a press release on Monday.

In late 2018 the real estate was valued at EUR 25.6m by its then owner; a fund under Aberdeen Standard Investment.

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