4 August 2022
German company acquires hotel on the Paper Island from CØPS
We have advised the property development company Christiansholms Ø P/S (CØPS) on the sale of the future hotel on the Paper Island.
The property development company Christiansholms Ø P/S (CØPS) is a joint venture between Danica Ejendomme, Nordkranen Ejendomsudviklingsselskab and Unionkul Udviklingsejendomme.
The hotel is to be operated by fourstarred design hotel 25hours, and it will be their second hotel in Copenhagen and have 128 rooms. The hotel property has been sold to the German company Union Investment Real Estate GmbH. In the coming years, the Paper Island will develop into a new, attractive urban district with innovative architecture, a water culture house, a food hall, housing and unique cultural offers. The district is surrounded by a new harbour promenade with recreational activities.