Wihlborgs divests residential property in Denmark
On 1 December, Wihlborgs divested the Munkeengen 4–20 property in Hillerød, Denmark.The property includes 76 owner-occupied apartments with a total area of 7,200 m² and is being sold to Core Property Management for a consideration of DKK 203 million. Ownership was transferred on 1 December 2019. Munkeengen 4–20 was included in a portfolio of 16 properties that Wihlborgs acquired from the pension company Danica in 2017. The property also includes a commercial portion, Munkeengen 22–32, which will remain in Wihlborgs’ ownership. “Wihlborgs is entirely focused on commercial properties,