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Aberdeen Standard Investments takes over problematic high-rise real estate project in Denmark

The land for what is set to become Denmark's tallest residential building just changed hands. Aberdeen Standard Investments is now the owner of the coming 94-meter high-rise project in the Danish city of Aarhus. The project has undergone several changes since it was announced four years ago.

Photo: GOOGLE MAPS

UK-based asset management group Aberdeen Standard Investments will be in charge of building Denmark's tallest residential development in the northern part of Denmark's second-largest city, Aarhus. The project has been underway for several years.

The plan was originally that Jens Richard Pedersen, who owns Hotel Royal in the central part of Aarhus as well as Hotel La Tour, which is located at the site today and is being demolished, would own the project. But Pedersen has now handed the project over to Aberdeen, reveals a press release.

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