The property company Halmtorvet 29 A/S, which is engaged in the investment and development of residential and commercial properties, has sold the new Scandic Hotel situated in the Copenhagen Meatpacking District to Norwegian KLP Eiendom AS.

The transaction value was approx. DKK 610,000,000.

Scandic Hotel has a gross floor area including basement of approx. 23,000 square metres and has 370 rooms, a restaurant/bar, conference centre, fitness facilities, etc.

Halmtorvet 29 A/S has managed the entire hotel construction process, including the conclusion of the design and build contract and the lease agreement with Scandic Hotel A/S.

Carsten Lorentzen of DLA Piper has advised Halmtorvet 29 A/S on all the contracts involved.