Aviva Investors, the global asset management business of Aviva plc , announces that it has acquired “Galleri K”, a mixed-use retail, leisure and office asset in Copenhagen, in a further extension of its partnership with the Public Sector Pension Investment Board (“PSP Investments”), one of Canada’s largest pension investment managers.
Located at the corner of Østergade and Kristen Bernikows Gade, Galleri K is situated on Copenhagen’s high street at the centre of the city’s retail district and benefits from proximity to the new Cityringen metro line. The 24,500 sq m, four storey building comprises approximately 10,000 sq m of retail and leisure space, 9,500 sq m of modern office space and 5,000 sq m of storage and parking. It is currently let to a diverse range of strong national and international brands. Occupiers of the retail and leisure space include major clothing labels and some of Copenhagen’s most popular restaurants.
The deal is Aviva Investors’ second acquisition in Copenhagen this year, with the business having purchased a portfolio of three mixed-use assets in the city earlier in January. This deal also represents a continuation of the partnership between Aviva Investors and PSP Investments, following previous co-investments of £250 million in commercial property in Cambridge in 2019, and over £400 million in central London in 2015.
The asset was sold by PATRIZIA AG.
Source : Aviva