Argentum

Tenant mix With an overweight of multinational companies occupying Fairway House, the Property has proven to meet the high demands of such tenants when it comes to e.g. o¤ering modern and e¢cient space, flexibility, security, location and amenities both within the Property and in the neighbourhood. Accounting for some 42% of the actual rental income, Nestlé Denmark A/S is the largest tenant with some 300 full-time employees on about 6,500 sqm of o¢ce space in Fairway House. A wholly-owned subsidiary* of Nestlé S.A., a world leader in food and drinks and boasting an impressive AA credit rating from Standard & Poor’s (S&P), the blue-chip tenant ensures a very secure cash flow. With a rental rate of just some DKK 1,100 per sqm, the premises are somewhat underrented and o¤er room for hiking the rent in the future. With a 20% share of actual rental income, Fairway Centre ApS (Regus), o¤ers flexible workspace under the Regus brand. A subsidiary of the world leader in flexible workspace, International Workplace Group* plc (IWG plc, formerly Regus plc), the Group has almost 3,000 locations globally and an annual turnover of some DKK 20bn. The company leases an entire floor and is home to a variety of smaller occupiers as well as a business lounge. Making up 17% of the rental income, the third largest tenant is Q8 Denmark A/S, the petroleum company ultimately 50% owned by the state of Kuwait through Kuwait Petroleum International* (KPI) and 50% by Swedish OK ekonomisk förening*. With a DKK 4.1bn annual turnover and DKK 95m profit in Denmark alone, the company is financially very sound.

FAI RWAY HOUSE

Other occupiers include Grünenthal Denmark ApS, part of the German pharmaceutical company Grünenthal Group (DKK 10bn revenue p.a.), Nordkranen A/S, a Danish property development company and PPD Denmark, a subsidiary of Pharmaceutical Product Development (rated B2 by Moody’s). Finally, Comcare A/S, an e-procurement adviser, WorkPoint A/S (moves in in March 2018) and Nordik Supply ApS are smaller tenants of the Property.

*The holding company does not provide a parent company guarantee for the lease.

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