Plesner advises CapMan Real Estate on the purchase of a residential and commercial property in Søborg

Plesner has advised the Nordic real estate investor CapMan Real Estate in connection with CapMan's purchase of a real estate development project comprising a residential and commercial property in Søborg, Copenhagen for an approximate value of DKK 300 million.

The project comprises 55 residential apartments and two commercial leases to be used as supermarkets. In addition, the property will have an underground car park in two levels.

The commercial areas, as well as the underground car park of the property, are scheduled for completion on 1 December 2023, while the residential areas are scheduled for completion on 1 May 2024.

The seller of the development project is responsible for the construction of the project together with the turnkey contractor Kaj Ove Madsen A/S. 

Plesner advised CapMan in all aspects of the transaction, including due diligence and negotiation and execution of transaction documents.

Plesner's team on the transaction consisted of Mads Berg, Simon Winther Bjerregaard and Katrine Nørskov Knudsen.

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