The Danish pension company Danica has teamed up with the US investment firm Blackrock to purchase the historic Copenhagen Postal Terminal buildings for 925 million kroner.
The protected building – built in 1910 and located on Tietgensgade next to Copenhagen Central Station – has been the central postal distribution centre for the national postal service Post Danmark, a subsidiary of Post Nord, for decades.
”We are very satisfied to have signed a deal with Danica Pension that has the vision to develop the property and create a new city district,” said Håkan Ericsson, the CEO of PostNord.
”For PostNord this will increase our capital efficiency and thereby our possibility to become more flexible in the rapidly changing market. We are now intensifying our work to find better suited premises for our operations.”
Danica and Blackrock have big plans for the nearly 100,000 sqm building and are set to invest 5 billion kroner to transform the postal headquarters into a massive office and business centre over the next 10-15 years.
”We think that when it's finished, 30,000-50,000 people will pass through the centre every day,” Peter Mering, the head of real estate at Danica, told Børsen business newspaper.
”That will lead to the area having its own life just because of the people who travel from the Central Station to their jobs that are in the area.”
The architecture firm Lundgaard & Tranberg has reportedly been charged with designing the new centre.