Acquired from Jeudan, Hotel Scandic Webers is a 3–4-star hotel comprising approximately 7,400 sqm, including 152 rooms, located in central Copenhagen close to Copenhagen Central Station, Tivoli Gardens and the Meatpacking District. Together, Hotel Scandic Webers and the recently acquired Hotel Crowne Plaza Copenhagen complement each other through their distinct locations and customer segments.

The joint venture plans to undertake a comprehensive refurbishment programme together with the operator Scandic to further strengthen the hotel's position in Copenhagen's city-centre hotel market while enhancing the guest experience and the property's long-term competitiveness.

"With Hotel Scandic Webers, we are adding a high-quality city-centre hotel that complements our recent acquisition of Hotel Crowne Plaza Copenhagen. Together, the two properties provide exposure to different parts of Copenhagen's hotel market while creating attractive opportunities for active asset management and future value creation. We look forward to working with Scandic to realise the hotel's full potential," says Mads Diderichsen, Investment Director at Capman Real Estate.

“The acquisition of Hotel Scandic Webers is another important step in building a high-quality hotel portfolio in Copenhagen. The property's prime city-centre location complements our recent investment in Crowne Plaza Copenhagen and further strengthens our exposure to a market supported by strong tourism, business travel and limited new supply. Together with Capman and Scandic, we see attractive opportunities to enhance the property and create long-term value for our customers," says Mikkel Lieberkind, Real Estate Investment Director at AP Pension.

“The sale is a good example of how a strong process, and a long-term perspective can go hand in hand. We continuously evaluate Jeudan’s properties against our strategic focus and commercial opportunities. In this case, a good solution has been found for both parties, providing a solid foundation for the property’s continued development,” says Per W. Hallgren, CEO of Jeudan.

In the acquisition, the joint venture was advised by Poul Schmith, Sweco, PwC, Bruun & Hjejle, Accura, EKJ, and Colliers.

The sale was brokered on behalf of Jeudan by Cushman & Wakefield | RED.

The final closing of the transaction is still subject to EU Commission approval of the merger control process between AP Pension and Capman.