Wiesbaden, 29 August 2023 – Aareal Bank announces the successful closing of a DKK 769 million
(€ 103 million) financing agreement under the Group's Green Finance Framework for Villa Copenhagen Hotel in the Danish capital.
Set in Denmark’s century-old Central Post and Telegraph Head Office, adjacent to the famed Tivoli Gardens, Villa Copenhagen is a five-star hotel opened in 2020 and run by Strawberry Group, formerly known as Nordic Choice. Strawberry is a corporation consisting of eleven companies within finance, real estate, hotels, and sustainable business and controlled by entrepreneur Petter Stordalen.
The new client of Aareal Bank is one of the largest hotel companies in the Nordics with over 225 hotels at more than 100 destinations across the Nordics. The property is 50% co-owned with Varner Brothers.
The building is a landmark that has been turned into a hotel with a total of 390 rooms. Villa Copenhagen is strongly committed to environmental sustainability. On the roof of the house, for example, a hidden garden was created – including a beehive. Organic vegetables, herbs and honey are thus used directly from the hotel's own production. But those elements alone do not make the property green. The hotel is committed to the UN Sustainable Development Goals (“UN SDG”), rooms are made from recycled or sustainable materials and ecological aspects were also given priority within the planning process of operations, for example, surplus heat from the kitchen is used to warm up the pool on the roof.
“Petter Stordalen is a visionary within the hospitality industry, and we are pleased to enter into a partnership with his group, which is one of the largest hotel platforms in the Nordics,” stated Patrik Lundström, General Manager at Aareal Bank.
“We are very pleased to have successfully closed this financing agreement and are very excited to start this partnership with Aareal Bank, one of the leading banks within the hotel industry,” adds Mads B. Koch, CFO of Strawberry Brothers.
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