Following satisfactory due diligence, Copenhagen Capital has entered into a binding agreement to acquire the property located at Dag Hammarskjölds Allé 13 in Østerbro. The acquisition is structured as an asset transaction in joint ownership with Tokara Ventures at a low three-digit million DKK amount.

The property is a prominent office building with a total area of 3,213 sqm and a highly attractive location in Copenhagen. The investment is aligned with Copenhagen Capital’s long-term strategy of acquiring well-located properties. For an extended period, the company has focused on office properties with potential for conversion into residential use, where market conditions allow for arbitrage between comparatively higher residential price levels per square meter relative to office space.

The development strategy involves a phased conversion of the property from commercial use into modern owner-occupied apartments. The strategy is based on active asset management and a structured development partnership and includes modernization of existing building components as well as upgrades aimed at creating attractive and contemporary residential units.

Tokara Ventures is participating as a co-investor based on documented experience and strong results from other long-term investments. The collaboration is founded on Tokara Ventures’ confidence in Copenhagen Capital’s expertise within real estate development.

The property will be taken over on 1 March 2026. The development is expected to be carried out in several phases, with the first phase anticipated to commence within the first 24 months.

“Dag Hammarskjölds Allé 13 is an attractive property with a strong location and significant development potential. We see favourable opportunities to create long-term value through a targeted conversion into residential use and look forward to the collaboration with Tokara Ventures,” states CEO Rasmus Greis, Copenhagen Capital A/S.

The property consists of three building sections dating from 1917, 1936, and 1958, combining historical architecture with modern functionality. The building sections offer good natural light conditions, tranquil surroundings, and a modern indoor climate. The property also includes 17 underground parking spaces and 9 surface parking spaces, which is a rare feature in the area.

“We consider Copenhagen Capital to be a competent and professional partner with a strong foothold in the Copenhagen real estate market. The investment in Dag Hammarskjölds Allé 13 is based on our confidence in their expertise, and we look forward to the joint effort to develop the property,” states Henrik Lottrup, Tokara Ventures.