Koebmagergade 24 in Copenhagen Secures its Latest Occupier

(COPENHAGEN) – Hines, the international real estate firm, announces that CeriX has signed a lease for 1,550 square meters at the centrally located property Koebmagergade 24 on the main pedestrian high street in Copenhagen.

CeriX is Denmark’s largest chain of cosmetic clinics and Koebermagerdage 24 will become its new headquarters containing its first beauty and lifestyle house. Koebmagergade itself is a prime shopping street and home to many of the city’s luxury brands including Louis Vuitton, Prada, Jimmi Choo and the exclusive department store Illum.

CeriX will occupy four floors of the building including a fully functioning cosmetics clinic performing laser and beauty treatments by professional clinicians, its training institute, conference rooms, and a warehouse. The ground floor will be converted into CeriX’s flagship store offering beauty and lifestyle products as well as cosmetic consultations across four newly decorated rooms.

Koebmagergade 24 is part of the Viking portfolio comprising five prime high-street retail assets with associated office and living components, which was acquired in 2017 by German investment company Universal Investment, on behalf of its Bayerische Versorgungskammer (BVK) fund and is managed by Hines. The transaction marked Hines’ first entry into the Danish market.

Since that time, Hines’ Danish portfolio has grown with notable transactions this year including Ventrupparken 3-5, the urban logistics facility spanning 60,750 square meters in Greve and Mariendalsvej 55-57, its second living asset in Denmark, located in Frederiksberg.

CeriX expects to open its new premises in the second quarter of 2022 and will commence a refurbishment program ahead of opening.

Christian Droob, Director – Asset Management, at Hines in the Nordics, said

“We are thrilled that CeriX has chosen our centrally located property as its future headquarters, housing treatment clinics and its first ever Beauty & Lifestyle House. Koebmagergade is one of the most vibrant and busy shopping streets in Denmark, and in our view this great building is ideal for CeriX. We look forward to seeing them prosper even further in this new location and look forward to collaborating with this exciting occupier going forward.”

Kjenneth Holm, Director and Owner at CeriX, said,

”It was important for CeriX to be situated in a prime position where many Copenhageners walk by every day and Købmagergade is called ‘The Copenhagen street’ for a reason. We are therefore happy to be able to open the doors, in the middle of the most exclusive shopping area in Copenhagen.”

Kim Borch, Director at Kvadrat Bolig & Erhverv said:

“We are happy and proud of our cooperation with Hines’ Nordic team, where we have advised in the residential-, office and retail sector. We are especially proud of this lease at Koebmagergade 24, where we in close cooperation with Hines have leased out and transformed Koebmagergade 24 into the new headquarters for CeriX.”

Hines was advised by Kvadrat Bolig & Erhverv on the leasing.

About Hines

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 255 cities in 27 countries. Hines oversees investment assets under management valued at approximately $83.6 billion¹. In addition, Hines provides third-party property-level services to more than 367 properties totaling 138.3 million square feet. Historically, Hines has developed, redeveloped or acquired approximately 1,486 properties, totaling over 492 million square feet. The firm has more than 171 developments currently underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a foundational commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world.

Since entering Europe in 1991, Hines has grown its European platform to include offices in 16 cities as well as a presence in 62 cities in 13 countries. Hines oversees investment assets under management valued at approximately €21.7 billion and provides third-party property-level services totaling 3.9 million square meters in Europe, in Austria, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Poland, Spain and the United Kingdom.

Visit www.hines.com for more information.

1. Includes both the global Hines organization as well as RIA AUM as of 30 June 2021.

About CeriX

CeriX is Denmark's largest chain of cosmetic specialist clinics, which also includes a private hospital with cosmetic plastic surgery. It all started back in 2016, when cosmetic nurse and founder of CeriX, Rie Jensen, opened the first clinic in the heart of Copenhagen. Privately, Rie forms couple with entrepreneur and concept developer Kjenneth Scholler Holm, who shortly after the start-up became a central part of the development of CeriX as a concept. Since then, it has come a long way in refining and developing the concept. CeriX currently employs more than 60 people, from doctors and nurses to IT and marketing employees. And when CeriX today is the Nordic region's fastest growing chain within the industry, it is especially due to a dedication beyond the usual as well as a 100% uncompromising approach to professionalism and leadership from the two passionate entrepreneurs.

About Kvadrat Bolig & Erhverv

Kvadrat Bolig is a dynamic, independent and countrywide realestate chain, and a strong and personal alternative to the large bankowned realestate chains. Kvadrat Bolig put a great honor in providing customers with an objective and honest service – with a positive approach to all aspects of property trading.

About the Bayerische Versorgungskammer (BVK)

The Bayerische Versorgungskammer is the competence and service center for occupational and communal pension schemes and Germany´s largest pension group under public law. As a public authority of the Bavarian Ministry of the Interior, it is the joint executive body of twelve liberal professions´ and communal pension schemes. The Bayerische Versorgungskammer covers about 2.4 million insured persons in total, with contributions of € 5.2 billion and about € 3.8 billion pension payments annually. It currently has € 97.2 billion assets under management (market value) and more than 1,420 employees. The Bayerische Versorgungskammer has been a signatory of the UN Principles for Responsible Investment (PRI) since 2011. It became a member of the Global Real Estate Sustainability Benchmark (GRESB) in March 2020 and joined the Net-Zero Asset Owner Alliance in May 2021.