COPENHAGEN, Denmark – (Realty News Report) – Hines, the Houston-based real estate firm, has secured Nike at ‘The Trinity Quarter’ in Copenhagen, marking the Nike’s first new store opening in Denmark.
Nike plans to occupy 7,800 SF square on Købmagergade 44A, one of Copenhagen’s busiest pedestrian shopping streets and is set to open in September.
‘The Trinity Quarter’ is a landmark hotel and major retail refurbishment in the heart of Copenhagen, which Hines is currently redeveloping following its acquisition of the buildings, in 2018, on behalf of the Hines European Value Fund.
The historic buildings on Copenhagen’s Købmagergade have been transformed into a mixed-use development including retail and a 243-room hotel operated by 25hours Hotels which has recently opened.
‘The Trinity Quarter’ was chosen as the new name for the project to reflect its location adjacent to the historic Trinitatis Kirke church on Købmagergade. The new hotel – the first 25hours Hotel in Scandinavia – will face onto the square next to the church, which is also the location of Copenhagen’s famous Rundetaarn (Round Tower), one of the city’s top tourist attractions.
“We are truly delighted that Nike has chosen ‘The Trinity Quarter’ in the heart of Copenhagen as its first retail outlet in Denmark, and its first physical store opening since the global pandemic took hold,” said James Robson, senior managing director and country head for Hines in The Nordics. “To attract such a globally revered international brand to Købmagergade is testament to the work we’ve put in to make this a vibrant world-class site, preserving the area’s heritage which is steeped in fascinating history and is close to the hearts of Copenhageners’. The interest we have seen in ‘The Trinity Quarter’ by companies and the public alike is fantastic.”
Paul White, fund manager for the HEVF Series, added: “Securing this Nike flagship store for the retail precinct of HEVF’s trophy ‘The Trinity Quarter’ scheme is a huge step forward for the project. Nike’s ambitions for the outlet are very exciting building on the tone already set by the opening of 25hours Hotels, its first in Scandinavia, and the high caliber residential apartment elements.”
Tomer Czapnik, CEO of Nike NSP at Retailors Inc. / Fox Group, said: “We are truly excited to open our first Nike store in Denmark in such a prominent high street location. Hines’ vision and commitment to creating a unique destination has been an important factor in our decision to select these premises. We look forward to welcoming Danish customers and international travelers to this flagship store.”
Law firm Bruun & Hjejle advised Hines. Absalon & Co. is Hines’ appointed leasing agent.
Hines, founded in Houston in 1957 by Mr. Gerald D. Hines, has a presence in 285 cities in 28 countries.
Historically, Hines has developed, redeveloped, or acquired approximately 1,530 properties, totaling over 511 million SF. The firm currently has more than 198 developments underway around the world.
May 24, 2022 Realty News Report Copyright 2022
Photo: Courtesy Hines
File: Denmark’s First Nike Store Secured by Hines
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File: Rundetaarn Denmark’s First Nike Store Secured by Hines. COPENHAGEN