Transformation of out-dated block into a landmark destination in central Copenhagen
SD Karreen was once a magnificent group of nineteenth century buildings. Over time, they had been neglected and lost their former glory. One of our most multi-facetted real estate projects to date, AEPM identified the potential of this run-down but ideally located site in the vibrant neighbourhood of Norrebro in central Copenhagen.
We developed a strategy to turn the premises into a landmark multi-use destination offering newly refurbished restaurants, shops, offices and apartments.
At the time of purchase in 2013, the buildings were in a poor condition, suffering from low occupancy and weak rents.
Creating spaces to inspire peoples’ lives
AEPM completely redeveloped the properties through a substantial regeneration programme, reinstating them to their former glory and creating a new destination in central Copenhagen. Since acquisition, the buildings have undergone extensive refurbishment totalling approximately €20m of capital expenditure.
Low-value ground floor apartments have been converted into attractive restaurants, coffee shops and bars fronting a lake. AEPM also constructed a new 8-home apartment block on a redundant carpark, while converting outdated storage spaces into a contemporary office now let to a leading architect bureau.
SD Karreen was sold to a Danish Institution in January 2016.