Kronen Vanløse
Facts
Kronen Vanløse is a shopping centre project with an excellent location next to both the Metro and Train station. The project included a re-design and construction of a new shopping centre with 158 housing units on the top.
Tristan Capital Partners acquired the project together with Solstra who also acted as advisor.
Before the acquisition, the construction of Kronen Vanløse had stopped, and the project take-over represented significant construction and completion risk. Solstra and Tristan Capital Partners – a real estate investment firm – acquired the construction project in 2014.
The investment opportunity was rooted in a new business plan and a complete project re-design to improve customer flows and enable the construction of 158 housing units on top of the centre.
In the re-design process, there was a focus on ensuring that the building would embrace the community and be an integrated part of the existing area with easy access to the shopping centre, restaurants, and public transport, with the Metro station and train station as neighbours.
The ambition was to create a mountain village with modular housing units on top of the shopping centre and improve the customer flows and vibrant atmosphere in and around the shopping centre.
Due to the project re-design and the fact that construction had already begun as a different project, Solstra had to manage a very complex construction project with many various counterparties.
