Engel & Völkers markets a national treasure created by King Christian IX

12 Nov
November 12, 2010

Engel & Völkers Commercial Copenhagen has acquired a very unusual property. An artificially created 70,000 sqm island, which is located about 20 minutes off the coast of the Danish capital, is up for sale with immediate effect.

120 years ago King Christian IX turned his vision into reality and erected a citadel spanning approximately 17,000 sqm on the island. Until 1984 the property was used by the Danish military. Ten years ago comprehensive restoration works were finally carried out with respect to coastal protection and property refurbishment. Subsequently, a hotel took over this extraordinary location, which is especially suitable for conferences, seminars and other large-scale events.

“To determine the right price for such a unique property is not easy“, says Jakob Kristensen, who manages the property on behalf of Engel & Völkers Copenhagen. However, he considers a price of around 6.8 million euro an affordable opportunity for the right purchaser. The target group could therefore be international groups of companies, which would use the resort for conferences, seminars or team-building measures. But using it as an exclusive spa and wellness facility is also an option. “The fact that the island is reachable by yacht or helicopter might make it an interesting relaxation location for private individuals as well“; Jakob Kristensen describes just a few of the possible uses.

(article source: Immopro24)

(article source 2: business.dk)

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