Cushman & Wakefield has been appointed to sell Roseng氓rdcentret, Denmark's second largest shopping centre. The centre is expected to generate significant interest and is likely to be the largest single asset sale in Denmark in 2012, C&W said.
Cushman & Wakefield has been appointed to sell Roseng氓rdcentret, Denmark's second largest shopping centre. The centre is expected to generate significant interest and is likely to be the largest single asset sale in Denmark in 2012, C&W said.
The mall has been put up for sale by its private owners who have selected C&W to conduct an international and domestic marketing campaign to potential investors.
Located in Odense on Funen, Roseng氓rdcentret features 158 units with 110,000 m2 of gross lettable area. The centre includes two large grocery stores, a cinema, fitness centre, toy superstore, cr猫che, 16 cafes and restaurants, pharmacy and gas station. Over the past five years the current owners have renovated the centre investing over EUR 50 mln of capital and there is potential to further enhance the retail mix through extension.
Commenting on the timing of the sale, Ove Jensen, the chairman of Roseng氓rdcentret, said; 'The financial crisis has resulted in historically low interest rates, the like of which we have not experienced for the past 50 years. At this time, many regard stocks and bonds as either too risky or offering the prospect of very low returns, hence the interest for investments in prime assets such as Roseng氓rdcentret.'
