Plesner advises NREP and Reitan on sale of the Vogterhuset property in Odense to Aberdeen

Plesner has advised NREP and Reitan on the sale of a joint venture company owning the 25,000 sqm residential and commercial property in Odense known as Vogterhuset. The buyer is a Danish company controlled by Aberdeen Standard Pan-European Residential Property Fund and administered by Aberdeen Standard Investments.

The property Vogterhuset, centrally located in Odense, was erected in 2018. The gross area is approximately 25,000 sqm, including a two-floor basement of 8,700 sqm.

The property consists of five floors in total and contains 168 residential flats, of which 63 are student residences. The property also includes five large commercial units leased to Rema1000, a fitness centre and a café, among others.

Plesner advised NREP and Reitan on all legal aspects of the transaction, including structuring of the transaction, due diligence and contract documentation.

Plesner's team consisted of Mads Berg, Philip Ulrik Lund Andersson and Nils Svendsen.

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