Copenhagen Property Market Report 2020

113

Copenhagen Property Market Report 2020

Mounting investor demand for hotels drives down yields

0% 1% 2% 3% 4% 5% 6% 7% 8%

OFFICE HOTEL RETAIL INDUSTRIAL REGIONS RESIDENTIAL

09

10

11

12

13

14

15

16

17

18

19

20

Secondary

Prime

Note: Net initial yield requirements, Copenhagen hotels let on lease agreements carrying non-terminability periods of 15+ years. Source: Colliers

Hotel Herman K, Copenhagen CBD

Key investment transactions, Copenhagen, hotels

Hotel name

District

Seller

Buyer

Sq m Price 1

Yield 2

Copenhagen Admiral Hotel

CBD

CAH Holding

Midstar

17,675

na

na

City Danmark (Pareto Securities)

Scandic CPH Strandpark

Kastrup

Skanska

25,200

670

na

Zleep Hotel Lyngby

Kongens Lyngby

Benjamin Capital

PFA pension fund

5,460

200

5.10%

Zleep Hotel Copenhagen City

Copenhagen V

CPM Invest

Thylander Gruppen

2,060

95

4.77%

Note: 1 Prices quoted in DKK million (rounded figures). 2 Yield in this context denotes estimated yield (approximate figure). Source: Colliers