Wihlborgs acquires office building in Denmark

On 1 January 2020, Wihlborgs acquired the Banemarksvej 50 office building in Brøndby, encompassing 19,500 m² of lettable area.The property was acquired using a corporate wrapper for DKK 100 million. The seller is the Icelandic company Flint ehf. The occupancy rate on the date of possession was 83 percent and the largest tenant is Milestone System A/S, which rents 12,200 m². The initial yield is estimated at 9 percent. Fully occupied, the rental value would total DKK 11.8 million.  “Owning several properties in one area helps us provide efficient management and good flexibility for our