Holmens Kanal
Strategic significance
Landmark transaction for Standard Life
The acquisition of Holmens Kanal was a milestone for Standard Life. This project not only strengthened their footprint in Denmark but also positioned them as a key player in the region.
Collaborative urban development
We worked closely with Copenhagen’s municipal authorities to create a highly flexible mandate for a new district plan. This collaboration allowed us to develop a long-term vision for the area, aligning with the investors goals of transforming the property into a commercial and residential hub.
Development vision
Prime opportunity amid Danske Bank’s relocation
The relocation of Danske Bank’s headquarters presented a unique opportunity to develop the property while it remained leased. This provided Standard Life with a chance to enhance the property’s value during the leasing period, minimizing vacancy risk while maximizing returns.
Flexible local plan
Standard Life sought to explore possibilities for commercial, residential, and retail spaces within the property. Our team negotiated with the municipality to secure a local plan that allowed for a mixed-use development, including high-end retail streets, office spaces, and residential areas.
Process and execution
Municipal dialogue
We initiated discussions with Copenhagen’s municipal authorities to ensure the development complied with both residential and commercial leasing regulations. This dialogue was essential to obtaining the necessary permits for the planned urban transformation, ensuring the project could meet the desired goals of becoming a vibrant commercial district.
Heritage and modernity
The area’s historical significance posed unique challenges. Several protected elements and valuable heritage spaces had to be carefully integrated into the development. Our team successfully balanced preserving these elements while increasing the overall utility and value of the property, a rare achievement in urban planning.
Outcome
Value enhancement
Through the completion of the local plan and securing the necessary permits, the property’s value saw a significant increase. The ability to execute a range of commercial and residential developments broadened the appeal for future buyers, ultimately leading to a profitable exit.
Structured exit process
Capital Investments conducted a highly structured divestment process, incorporating vendor due diligence reports. This ensured the property was presented with all relevant documentation, making it an attractive and transparent proposition for KanAm, the final buyer.
Conclusion
The Holmens Kanal project exemplifies our expertise in identifying, developing, and exiting high-value real estate investments.
By balancing strategic urban planning with the needs of our investors and stakeholders, we created a valuable asset that has positively contributed to Copenhagen’s urban landscape and delivered exceptional returns for our investor, Standard Life.
