Commercial, International - 11. February 2019
The first shops and rented accommodation in the Triangle estate, located in the new Aarhus K neighbourhood, have been let. CASA has developed the project, a German investor has financed it, and EDC Projekt Poul Erik Bech and EDC Erhverv Poul Erik Bech have been charged with letting the residential and retail premises.
Consisting of six retail leases and 367 rented flats, the new
Triangle estate will open its doors to a large number of new tenants in May. An
Open House event on Sunday, 10 February, launched the first stage letting.
The triangular building block is located in the streets of Søren
Frichs Vej, Dirch Passers Gade and Otto Brandenburgs Gade, close to the
Godsbanen cultural production centre in the new Godsbanen area, also known as
Aarhus K, which is situated within walking and biking distance of midtown
Aarhus. The Triangle was designed by Arkitema Architects and built by CASA A/S.
The investor behind 196 of the rented flats is Bayerische Versorgungskammer
(BVK), which is Germany’s largest public pension fund, while CapMan Real Estate
manages the investment, and Cura Management handles the property management.
Allan Brandt is a project manager with CASA A/S, which also owns the
commercial premises in the building. He highlights the central location of the
building as a great quality, its being situated inside a street called
Ringgaden, which encircles midtown Aarhus, and being only five minutes’ walk from
Åen, the stream that runs through the centre of the city.
“It’s a very attractive location that fits right in with the trend
of having all that the city offers within reach,” says Allan Brandt.
However, a central location close to the city’s many attractions is
not the only unique feature of the Triangle estate. It is also located in an
area steeped in history and creativity, where the Danish State Railways had its
freight railroad yard until the year 2000 and the Godsbanen cultural production
centre remains a hub for cultural activities like acting, visual arts and
literature since 2012.
CapMan chose Cura Management to be the estate administrator, giving
the company overall responsibility for letting the flats on its behalf. In
turn, Cura Management selected EDC Projekt Poul Erik Bech to let the flats
because of its extensive experience in volume letting. Lars Frederiksen, CEO
and a partner of Cura Management, explains:
“Of course we wanted to team up with the estate agents best suited
for the job. The choice fell on EDC Projekt Poul Erik Bech, which has
undeniably done this work a great many times before.”
Dennis Ankersø, the project sales manager of EDC Projekt Poul Erik
Bech in Aarhus, is heading the letting of 196 of the rented flats. He reports
that interest in the flats has been considerable.
“The Open House event surpassed all expectations. We had a turnout
of more than 700 people for the Open House and have already let almost half of
the first stage, which comprises 67 flats. We expect more to be added during
the week, as more people decide on the type of dwelling they want,” he says.
“The considerable interest may also have to do with the fact that
the Triangle offers a wide range of housing that appeals to many types of
tenants. In fact, we can offer 24 different types of flats, which can be used
by couples or as shared flats,” says Dennis Ankersø.
Retail premises are to invigorate the area
The Triangle has retail premises on the ground floor, which are to
invigorate the area at street level. Frank Heskjær, retail manager of EDC
Erhverv Poul Erik Bech, is in charge of letting three retail shops. He explains
why the Triangle’s central location and the creative impulses from the
Godsbanen cultural production centre may be attractive to several retail
“Søren Frichs Vej has become a main thoroughfare, as this street
runs from Thorvaldensgade to Ringgaden, which makes the Triangle a unique
junction. The retail premises may also be an obvious choice for interior and
lifestyle stores, which would interact well with the creative spirit of the
area and fit well into the premises with their raw look, high ceilings and
large glass facades.”
Frank Heskjær also points out that the existing
residents in the Åhusene estate, also located in the Aarhus K neighbourhood,
already provide a solid customer base for establishing various types of retail