ATP and Danica sell shopping mall with hefty discount
At the turn of the year, City Vest in Denmark’s second-largest city Aarhus was sold at a significantly lower price than an official assessment of its value. Still, the seller, Danske Shoppingcentre, is satisfied to steer clear of comprehensive investments.
BY JØRGEN BENDSEN, TRANSLATED BY KATRINE GØTHLER
Danica Pension and ATP Ejendomme’s joint company, Danske Shoppingcentre (”Danish malls”), hasn’t exactly raised a golden goose in the form of shopping center City Vest, which is located in Aarhus district Brabrand, Denmark.
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