Urban Partners acquires Copenhagen mixed-use property

Urban Partners has purchased a mixed-use property in the heart of Copenhagen from global real estate investor Hines.

Central Copenhagen mixed-use asset - Urban Partners

The 21,500 m2 property features an upscale hotel with 243 rooms and dining options, approximately 3,100 m2 of prime retail space, and about 1,000 m2 of residential units. Situated at Købmagergade 44A, this location is on Copenhagen's busiest high-street retail corridor, near the popular Rundetaarn landmark, ensuring high foot traffic and a well-established retail environment.

The historic buildings, originally constructed in the 18th and 19th centuries, underwent a comprehensive renovation in 2022. Hines acquired the property in 2018 and has since completed its redevelopment and repositioning. This sale follows a period of active involvement for Hines in the Nordic region during 2025.

Thomas Riise-Jakobsen, partner and head of Denmark, Urban Partners, said: “This is a well‑located mixed‑use property in central Copenhagen. Hines has carried out an extensive redevelopment of the historic buildings, with a strong focus on preserving their architectural and heritage qualities. The asset forms part of a dense and established urban environment and reflects the mixed‑use character of the surrounding city.”

Staffan Unge, senior managing director and head of Nordics at Hines, added: “We believe Urban Partners is well-positioned to take the asset forward into its next phase. Looking ahead, we continue to assess opportunities across the Nordics, as we expand our presence and allocate capital across multiple asset classes, subject to market conditions and investment risk.”

Copenhagen's hotel market has seen consistent growth in overnight stays, largely fuelled by leisure tourism and the city's enduring appeal as a global destination. However, new hotel development in the inner city has been constrained by planning regulations, limiting the supply of new rooms in central areas.

During this transaction, Hines received advice from Cushman&Wakefield | RED and Bruun & Hjejle. Urban Partners was advised by Accura, PwC, ABC, NHC, and Nordea.