(London) – Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces that it has acquired the CPH Highline building in Copenhagen on behalf of one of its clients.
Completed at the end of 2020, CPH Highline offers a total of 17,000 sqm of modern office space and is almost fully let to three users on a long-term basis. The building is located in the established office submarket of Havneholmen, which is considered one of the most desirable locations in Copenhagen, offering a maritime environment and views out over the southern harbour area of Sydhavnen.
The building is inspired by New York's High Line, an elevated linear park, greenway and rail trail, with the entire roof surface of CPH Highline featuring a long, green pathway which connect a series of terraces and outdoor spaces. Solar PV panels have also been installed, helping to lower the building’s energy requirements and consumption, as it seeks to achieve a DGNB “Gold” certification.
The transaction builds on Aviva Investors’ existing presence in the city, having acquired both a portfolio of mixed-use assets – known as the Atlas Portfolio – as well as Galleri K, a mixed-use retail, leisure and office asset, in January 2020. It follows a recent paper by Aviva Investors, identifying Copenhagen’s credentials as a ‘city of the future’, positioned to thrive due to its pool of talent, culture and connectivity, combined with a highly-developed approach to sustainable living.
Grégoire Bailly-Salins, Head of Transaction for Continental Europe at Aviva Investors comments:
“We are pleased to finalise this transaction, which further grows our footprint in the Copenhagen market, following acquisitions of the ‘Atlas portfolio’ and Galleri K in the city. Copenhagen is a core office market for our European strategy, whilst the acquisition of CPH Highline, which was developed to the highest environmental standards, also sits well as part of the decarbonisation of our overall investment portfolio.”
Aviva Investors was advised by Capital Investment, Lundgrens and KHR. Skanska was advised by Accura.