Pension

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. 
Idleness plagues Danish mall City Vest, a problem a new buyer now has to solve | Photo: Gregers Tycho
Idleness plagues Danish mall City Vest, a problem a new buyer now has to solve | Photo: Gregers Tycho
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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