The former headquarters of Kopenhagen Fur in Glostrup is offered for sale at DKK 630 million
In March 2024, EDC Poul Erik Bech won a major public tender for real estate brokerage services related to the management of assets taken over from mink-related business on behalf of Finansiel Stabilitet. The commercial real estate agency will be responsible for facilitating the sale of properties acquired by the Danish state from businesses affected by the mink industry shutdown – an assignment expected to take place over the next 2-3 years. Jesper Bruun Eriksen, Head of Task Force at Finansiel Stabilitet, states:
“At Finansiel Stabilitet, our role is to ensure a transparent and open sales process for the former Kopenhagen Fur headquarters in Glostrup, Denmark. We are committed to winding down all activities in an economically responsible manner, with a focus on appropriate timing and cost-efficiency throughout the process. The first – and by far the largest – property has now been put up for sale, with more to follow. We expect a busy 2025.”
Massive property with prime location
Peter Westphall, Head of Sales at Finansiel Stabilitet, states: “In the real estate industry, it’s often all about location, location, location. And this property certainly lives up to that principle – with a large-scale warehouse, production, and industrial facility located in Greater Copenhagen. The buildings are of a high standard and quality.”
“Both Finansiel Stabilitet and EDC Poul Erik Bech have already received several inquiries from interested buyers regarding the property. So, despite the scale of the project – with a total area of 93,919 m² and a listing price of DKK 630 million – we remain confident in finding a buyer who recognizes the strong investment potential.”
In addition to selling Kopenhagen Fur’s properties with the assistance of EDC Erhverv Poul Erik Bech, Finansiel Stabilitet will also be responsible for selling Kopenhagen Fur’s operating assets over the course of next year. These include designer furniture, artwork, and a significant number of fully finished mink furs, among other items.
Modern warehouse-, production-, and office buildings
Langagervej 60-72 & Essedal 6A-D in Glostrup comprises a range of modern warehouse, production, and office buildings in Glostrup, Denmark. Thor Heltborg, Director of Corporate Clients at EDC Erhverv Poul Erik Bech, states:
“We have known for some time that we would be handling the sale of Kopenhagen Fur’s impressive headquarters, and we have been looking forward to starting this exciting project of selling such an attractive investment property. The buildings are highly appealing, particularly due to their excellent location close to Copenhagen, spacious warehouse facilities, and flexible office areas, all of which are of high quality. There are numerous exciting possibilities, and the property is conveniently located near the motorway, making it highly suitable for last-mile logistics.”
”Warehouse, logistics, and industrial properties are the most obvious uses for the site, but it could also become the headquarters for one or more large companies. However, we expect that the industrial aspect will be the most significant. There is a severe shortage of warehouse, logistics, and industrial properties in Greater Copenhagen, meaning that an investor can achieve very favorable rental rates. Market rents for industrial and logistics properties have experienced significant growth in the Copenhagen metropolitan area over the past decade. At the same time, the trend suggests there is continued unmet demand. This is due to the fact that the development and supply of logistics and industrial properties in recent years has decreased substantially in Greater Copenhagen – primarily because residential properties are being built instead.”
Many potential uses
Kenneth Jakobsen, EDC Erhverv Poul Erik Bech Copenhagen, adds: “These are well-maintained properties offering significant flexibility and considerable development potential for future investors and users. The varying ceiling heights in the warehouse and production buildings, combined with modern and adaptable office areas, create optimal conditions for further value growth and a wide range of potential uses.”
“In addition, there is a prominent auction hall and exhibition areas with space for large gatherings. There is also a creative design studio that was established to develop innovative fur fashion and design. The large warehouse and production areas are equipped with advanced technological solutions and logistics systems to support enhanced quality control, for which Kopenhagen Fur’s mink pelts were renowned as the world’s largest fur auction house, putting Denmark on the map as a leading fur producer. So, these are modern properties of high quality.”
Find out more about: Kopenhagen Fur’s warehouse-, production, and office facilities.
EDC Erhverv Poul Erik Bech, as a nationwide real estate agency in Denmark, also has another smaller property for sale on behalf of Finansiel Stabilitet, which was previously owned by Kopenhagen Fur. This concerns Herningvej 110-112, located outside Holstebro.
