Project Grønttorvet

Project Grønttårnet

INTRODUCTION

The property is an 18-storey turnkey student housing building, dubbed “Grønttårnet” (the Green Tower), set in an attractive upcoming district of Copenhagen, Grønttorvet, Valby. On scheduled completion in July 2019, the property comprises 8,052 sqm floorspace distributed on 189 student housing units in addition to one ground-floor commercial unit. FB Gruppen A/S (the Seller) has instructed Sadolin & Albæk with the sale of the special purpose vehicle (the SPV), which sole purpose is the ownership and turnkey development of the property.

The proposed transaction will be structured as a share deal involving the transfer of all shares in the SPV. The property is assumed divested without any rental guarantees. This investment memorandum sets out the details of this highly attractive investment opportunity to assist interested parties in making their own assessment of the property. The Seller targets signing of a transfer agreement in Q4 2017/Q1 2018. On signing, the buyer of the SPV will be required to provide a satisfactory guarantee for the purchase sum as specified in the transfer agreement. Closing will take place on completion of the turnkey project.

3