Development project with more than 1,000 flats followed through right from the purchase of land until the properties were handed over
Throughout the whole project, Holst, has taken part in a great property development pro-ject in the Copenhagen area, and in August 2020, Holst could carry out closing on the trans-fer of the last turnkey housing projects.
A former industrial area just outside Copenhagen has been transformed into an exciting new area hous-ing both private residents and businesses. The area now consists of more than 1,000 residences, retail-ing and other businesses. Holst, provided advice to the owner from the beginning until the end: Purchase of land, planning, property development, structuring of plots and buildings in corporate form, formation of homeowner’s and owners’ associations, advice on the matters pertaining to the construction and final sale of the completed properties.
The properties were sold primarily to foreign and Danish equity funds, and in August 2020, Holst, assist-ed during closing of one of the last projects – a turnkey housing project with about 70 houses and an underground parking facility.
Thue Hagenau who has in-depth experience with transactions relating to turnkey projects headed the transaction.