The property is acquired by Slättö and their Value Add III fund and the property will undergo a complete renovation and conversion from obsolete offices to a 169 room apartment-hotel under a long-term lease with hospitality operator Bob W. Originally built in 1961 and formerly used as a police headquarters, the property is ideally located on Halmtorvet Square, opposite the city’s iconic Meatpacking District (Kødbyen) and just minutes from Copenhagen Central Station and the M3 metro line. Construction is scheduled to begin in Q1 2026, with opening in Q4 2027.
This project represents a classic value-add and brown-to-green opportunity, combining architectural preservation with significant energy upgrades. The building’s energy performance will be significantly improved, with the ambition to achieve DGNB Gold environmental certification. Copenhagen is the strongest-performing hotel market in the Nordics, driven by international travel, diversified demand, and limited new-supply in the coming years. Overnight stays have surpassed 2019 levels for three consecutive years, and revenue per room has remained resilient despite an increase in availability. Interest from international investors is high.
The financing will both assist Slättö in acquiring the property and realise the capex project.
“We are pleased to begin a collaboration with Slättö to realize the great potential that exists in Halmtorvet 20-22. Slättö has a strong track record, and we have great faith in the product they aim to create together with Bob W. Slättö’s long-term perspective and focus on sustainability contribute to creating an attractive product for our institutional investors” says Erik Ränkeskog, CFA, Investment Director, Pareto Alternative Investments.
About Slättö
Slättö is a private equity real estate investor with a Nordic focus. Slättö seek to deliver consistent market-leading returns for our investors through thematic strategies, local expertise, clear values and a committed team. The Slättö funds collectively manage assets of EUR 3bn. Since inception in 2013, the firm has executed over 100 transactions with a total transaction value of EUR 4bn. With a forward-looking approach, Slättö prioritize sustainability as key to the long-term success of our investments.
About Bob W
Bob W is a Pan-European hospitality brand combining the quality standards of a hotel with the functionality and local authenticity of a home. Backed by leading real estate and venture capital investors, Bob W operates 41 assets in over 10 countries and delivers a fully tech-enabled, contactless guest experience with a strong sustainability profile.
