Cushman & Wakefield RED advised the international real estate firm Hines in renting the tenancy on Købmagergader 7. The new leaseholder is the luxury fashion retailer Golden Goose Deluxe Brand.

Hines has rented out the 48 square meters ground floor area to Golden Goose Deluxe Brand. The brand has existed since 2000 and sells both clothes and shoes.

“We have earlier worked with Hines, and yet again it has been a great pleasure. We believe the good partnership will continue in the future. Further, we are happy to present the Italian brand Golden Goose Deluxe Brand as renters. At this point, they haven’t been seen on the Danish market before which makes them an interesting and strong renter. We have strong faith that the brand will compliment the great growth that is happening at Købmagergade at the moment,” says Phillip Monge, Retail Associate at RED.

In Købmagergade 9, which is also owned by Hines, Golden Goose Deluxe Brand will get the famous fashion brand Jimmy Choo as neighbors.

LANDMARK BUILDING

The property on Købmagergade 7 is a landmark building due to its neo-classicist inspired black painted wood and golden materials shop front.

The property has a remarkable history with many significant renters. In 1845, the property housed a doll shop. Visitors were among others the famous author H. C. Andersen who bought dolls for his puppet theatre. Later, the royal glow maker rented the property from 1871 until the mid-1970s. They become one of the longest-living businesses in Denmark. The last renter was the florist Erik Bering.

 HINES’ IMPRESSIVE PORTFOLIO

Hines is gradually becoming a well-known investor on the Danish real estate market. Over the past year, Hines has developed an impressive portfolio with a great number of prime properties.

In July 2017, Hines bought Købmagergade 7 as part of a larger sale with four properties on the same street. The total amount for the deal was DKK 460m.

Hines enthusiasm for the street Købmagergade has no end, and earlier this year Hines invested in three more properties on this street. This time around, Hines bought the properties Købmagergade 44-46 and 50 by the government-owned and Development Company, Freja Ejendomme. The total amount for the three properties was DKK 845m.