SD Karreen, Copenhagen

Transformation of out-dated block into a landmark destination in central Copenhagen

The backdrop

SD Karreen was once a magnificent group of nineteenth century buildings. Over time, they had been neglected and lost their former glory.

One of our most multi-facetted real estate projects to date, InfraRed identified the potential of this run-down but ideally located site in the vibrant neighbourhood of Norrebro in central Copenhagen.

We developed a strategy to turn the premises into a landmark multi-use destination offering newly refurbished restaurants, shops, offices and apartments.


occupancy on exit


project value


refurbishment programme

Birdseye view of buildings
Picture of restaurant

The challenge

At the time of purchase in 2013, the buildings were in a poor condition, suffering from low occupancy and weak rents.

Creating spaces to inspire peoples' lives

InfraRed completely redeveloped the properties through a substantial regeneration programme, reinstating them to their former glory and creating a new destination in central Copenhagen. Since acquisition, the buildings have undergone extensive refurbishment totalling approximately €20m of capital expenditure.

Low-value ground floor apartments have been converted into attractive restaurants, coffee shops and bars fronting a lake. InfraRed also constructed a new 8-home apartment block on a redundant carpark, while converting outdated storage spaces into a contemporary office now let to a leading architect bureau.

SD Karreen was sold to a Danish Institution in January 2016.

“The sale of SD Karreen sees the conclusion of a fascinating journey for us. By reinstating the late-nineteenth century buildings to their former glory, we created a new destination in central Copenhagen, enriching the community and delivering an attractive asset to its multiple occupiers, neighbours and new owner.” Andreas Katsaros
Head of Origination - Real Estate