Pension

Danica sells historical property in large deal

Danish hotel group Arp-Hansen is paying a large sum to buy historic hotel property from pension firm Danica.
"It's a coincidence that Danica mentioned the idea of organizing their portfolio a bit, and we responded that we were very interested in buying the property if it made sense to them and if given the right price, which we were,” Dorte Krak, CEO of Arp-Hansen Hotel Group., says. | Photo: Mik Eskestad
"It's a coincidence that Danica mentioned the idea of organizing their portfolio a bit, and we responded that we were very interested in buying the property if it made sense to them and if given the right price, which we were,” Dorte Krak, CEO of Arp-Hansen Hotel Group., says. | Photo: Mik Eskestad
BY PETER S. MYGIND, TRANSLATED BY KATRINE GØTHLER

”You don’t need to play Monopoly for long to know that The Square is a nice location for a hotel.” [The Square, translated from Rådhuspladsen, is the most expensive property in the Danish game version] 

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