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Århusgadekvarteret

NREP and CPH City & Port Development to develop the Århusgade area in Nordhavn

 

Case

NREP and CPH City & Port Development to develop the Århusgade area in Nordhavn

NREP and CPH City & Port Development have entered into a retail trade agreement for the new Århusgade area located in the Nordhavn district in Copenhagen.

The agreement will give the area an active and vibrant shop and restaurant life.

The commercial life in the Århusgade area is based on a unique strategy combining the benefits of a shopping street with its independent shops, such as Gl. Kongevej or Østerbrogade in Copenhagen, with the benefits of a shopping centre with its joint ownership and coordinated shop effort.

The retail trade agreement means that NREP provides financing while CPH City & Port Development provides buildings and premises of a total area of 13,000 m2 to house local commercial life.

Accura is advising NREP and CPH City & Port Development in connection with the development of the Århusgade area, including the consortium’s acquisition and lease of the shop and restaurant premises.