Industriens Pension is purchasing a new commercial building, Byporten, which marks the western entrance to the city of Aarhus, Denmark.
The building is being sold by the developer Dansk Erhvervsprojekt, which is in full swing with the construction; Industriens Pension is purchasing the first stage of the development.
The first stage of Byporten consists of three continuous office towers, which sit on the border between Aarhus and Tilst, around 6km from the city centre. The properties will be sustainability certified in the gold category according to the DGNB standard.
Industriens Pension property manager, Søren Tang Kristensen, said: “With Byporten, we get a modern multi-user office property with a very visible location on one of the major access roads to Aarhus. Byporten will contribute positively to the development of the area, and we also expect a good and stable return on investment.”
The fund said that there has been good interest from potential tenants and already tenants have been found for the majority of the property.
Since 2019, Industriens Pension has invested more than DKK 2 bn in Aarhus, and it plans to continue to expand its presence in the city.
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