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Denmark: Urban Partners has acquired a 21,500 square metre mixed‑use property in Copenhagen from global real estate investment manager Hines.
The property comprises an upper‑upscale hotel with 243 rooms and a food and beverage offering, approximately 3,100 square metres of high‑street retail and around 1,000 square metres of residential units.
The Copenhagen hotel market has experienced sustained growth in overnight stays over time. At the same time, development activity in the inner city has been limited by planning constraints, which has restricted the addition of new hotel supply in central locations.
The property is located at Købmagergade 44A, a high‑street retail corridor close to Rundetaarn. The surrounding buildings, dating back to the 18th and 19th centuries, were most recently renovated in 2022.
Since acquiring the property in 2018, Hines has completed a comprehensive redevelopment and repositioning of the asset, supported by the firm’s integrated development and asset management platform. The sale follows an active period for Hines in the Nordics during 2025.
“This is a well‑located mixed‑use property in central Copenhagen,” said Thomas Riise-Jakobsen, partner and head of Denmark at Urban Partners. “Hines has carried out an extensive redevelopment of the historic buildings, with a strong focus on preserving their architectural and heritage qualities. The asset forms part of a dense and established urban environment and reflects the mixed‑use character of the surrounding city.”
“Across the full lifecycle of the investment, from acquisition through redevelopment, this was a hands-on project across development, leasing, and asset management,” said Staffan Unge, senior managing director and head of Nordics at Hines. “That work transformed a historic property into a well-functioning mixed-use asset anchored by a hotel and high-street retail. We believe Urban Partners is well-positioned to take the asset forward into its next phase. Looking ahead, we continue to assess opportunities across the Nordics, as we expand our presence and allocate capital across multiple asset classes, subject to market conditions and investment risk.”
In the transaction, Hines was advised by Cushman & Wakefield RED and Bruun & Hjejle. Urban Partners was advised by Accura as legal advisor, PwC as financial advisor, ABC as technical advisor, NHC as commercial advisor, and Nordea as debt advisor.
Highlights:
- Urban Partners has purchased a 21,500 square metre property in Copenhagen from Hines
- Diversified asset with hotel, retail, and residential: The scheme includes a 243-room upper-upscale hotel, ~3,100 square metres of high-street retail, and ~1,000 square metres of residential space
- Located on Købmagergade near Rundetaarn, the asset benefits from limited new hotel supply and strong tourism demand in central Copenhagen
- Hines completed a major redevelopment in 2022, enhancing value through active asset management prior to sale
