Hines Interests Limited Partnership

06/03/2020 | Press release | Distributed by Public on 06/03/2020 00:21

Hines Unveils ‘The Trinity Quarter’ Plans For Copenhagen’s Købmagergade

(COPENHAGEN) - Hines, the international real estate firm, has released new details of 'The Trinity Quarter', a landmark hotel and retail redevelopment in the heart of Copenhagen, Denmark.

The historic buildings on Copenhagen's Købmagergade, one of the city's main shopping streets, are being transformed into a mixed-use redevelopment of new retail and a 243-room boutique hotel by innovative hotel company 25hours hotels. The project will create a new quarter for shopping and relaxation at the northern end of Købmagergade and will see the historic buildings restored and their heritage features enhanced.

Once the location of a noble mansion, by the mid-18th century the network of buildings, passageways and courtyards became established as a home for the textile and publishing industries supporting the university, including tailors, bookbinders, publishers and scholars. The buildings were acquired by the University of Copenhagen in 1969, and used as teaching facilities for theology and law students. Hines acquired the Universitets Passagen buildings on behalf of the Hines European Value Fund (HEVF) in 2018 and announced plans for the redevelopment in January 2019.

'The Trinity Quarter' was chosen as the new name for the redevelopment to reflect its location adjacent to the historic Trinitatis Kirke church on Købmagergade. The new hotel 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. The new branding and 'Q' logo for The Trinity Quarter scheme also draws on the buildings' historic features, with the logo echoing the distinctive lead beaded windows which run throughout the buildings and are being sensitively restored.

Designed by celebrated interior designer Martin Brudnizki, the hotel's interiors will be inspired by the excitement of a young person's 'coming of age' journey, drawing on the buildings' links with the university and generations of students.

The hotel will be the first 25hours hotel in Scandinavia. The 25hours Hotel Company was founded in 2005 and today operates 13 hotels in German-speaking countries and one in Paris, with further openings planned in Florence and Dubai as well as Copenhagen. The brand focuses on individuality, authenticity and character, and designs each of its hotels in a unique style.

Hines has also launched the marketing of its retail units at The Trinity Quarter and has appointed Absalon & Co to identify Danish and international brands to occupy new stores at 44, 46 and 50 Købmagergade.

The Trinity Quarter is set to complete in 2021, with the 25hours hotel to open to guests in Q1 2022.

James Robson, Managing Director and country head for Hines in The Nordics, said: 'We chose to name the redevelopment 'The Trinity Quarter' because it reflects the heritage of the buildings and their location next to the historic Trinity Church, but also our intention to create an international destination and a vibrant new quarter on Købmagergade. We are excited about the new concepts 25hours will bring to the hotel, and how these will complement the high-quality retailers we are starting discussions with.'

Karen Nielsen, Development Director for Hines in Copenhagen, said: 'At every stage of The Trinity Quarter project we have sought to protect, restore and enhance the intricate heritage of these wonderful buildings. This area has a fascinating history that will be a prominent part of the project. We are very proud to be restoring part of Copenhagen's heritage and bringing it back into use for people to enjoy.'

For further details on The Trinity Quarter visit www.thetrinityquarter.com.

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 205 cities in 24 countries. Hines has approximately $133.3 billion of assets under management, including $71 billion for which Hines serves as an investment manager, including non-real estate assets, and $62.3 billion for which Hines provides third-party property-level services. The firm has 165 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,393 properties, totalling 459 million square feet. The firm's current property and asset management portfolio includes 539 properties, representing over 232 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world.

Since entering Europe in 1991, Hines has grown its European platform to include offices in 16 cities as well as a presence in 49 cities in 11 countries, with €20.9 billion of assets under management in Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Poland, Spain and the United Kingdom.

Visit www.hines.com for more information.