CapMan Real Estate press release
8 April 2022 at 9:00 a.m. EEST
CapMan Real Estate leases unique office space to Boston Consulting Group in Copenhagen
CapMan Nordic Real Estate II fund has signed a long-term lease for approx. 10,000 sqm of refurbished office space and historic basement with Boston Consulting Group Denmark (BCG), a leading global management consulting firm.
The fund acquired the iconic Red Warehouse building located in Carlsberg Byen in Copenhagen in 2019. The 140-year-old building, originally used as a storage and brewery for Carlsberg, is undergoing a complete transformation into high-end office premises. When finalised, the property will combine the original structure and atmosphere of the building with contemporary sought-after elements and features, such as plenty of natural light and a roof terrace.
“It has been quite the privilege to be involved in the work with transforming this unique building into a modern office while still ensuring the preservation of the values and history from the old building. We have had an overwhelming tenant interest for this property and are very happy with having now signed a lease with BCG, whom we believe the building will be a very good fit for. A special thanks to BCG and all advisors on their side that have been part of this process and made this possible. On our side we have worked very close together with Ulrik Larsen from Revco, Steen Niebling from SN consult and Mikkel Westfall and his team of architects. They all deserve a lot of credit to make this possible,” says Peter Gill, Partner and Head of CapMan Real Estate Denmark.
The office space covers 6,000 sqm over three floors and in addition BCG will be occupying approx. 4,000 sqm of historic basement space. These rooms, complete with vaulted ceilings, were originally used as cold storage for ingredients used in beer production and are an integrated part of the original basement that runs under the old section of Carlberg Byen.
“This basement space conveys the vibrant history of the building and the entire Carlsberg Byen area and holds as such special significance for both us and for the tenant,” concludes Gill.
CapMan expects that the conversion will be completed during the second quarter of 2023 with the new tenants scheduled to move in in June 2023.
CapMan Real Estate currently manages over EUR 4.0 billion in real estate assets. The Real Estate Team comprises over 60 real estate professionals in Helsinki, Stockholm, Copenhagen, Oslo and London.
For more information, please contact:
Peter Gill, Partner, Head of CapMan Real Estate Denmark, +45 20 43 55 63
About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation. As one of the private equity pioneers in the Nordics we have built value in unlisted businesses, real estate, and infrastructure for over three decades. Our objective is to provide attractive returns and innovative solutions to investors. We are dedicated to set science-based targets to reduce our greenhouse gas emissions in line with the Paris Agreement. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover minority and majority investments in portfolio companies and real estate, and infrastructure assets. We also provide wealth management solutions. Our service business includes procurement and analysis, reporting and back office services. Altogether, CapMan employs approximately 160 professionals in Helsinki, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001.
