Less than a year after handing over the new rental residences to the new tenants, ALFA Development has now sold the property to an international investor who will take over the property on 1 April 2021. Cushman & Wakefield | RED have advised ALFA in the sale process.
"I am very proud of what the organisation has achieved with Frimærket. Four years ago we bought a disused post office. Since then, all employees have contributed to the success with their respective competencies. Everyone has been involved in either the development, construction, rental or the sale of Frimærket. This is teamwork at its best," says CEO in ALFA Development, Jan Kristensen and adds: "of course, I would also like to thank our suppliers and partners who have made a solid effort and contributed to making it all possible."
A great success
In 2013 Herlev's post office closed after 59 years of operation and ALFA Development acquired the closed post office from the municipality of Herlev in 2017. In collaboration with the municipality and Oliver Grundahl Architecture, ALFA Development prepared a district plan proposal to transform the area into a new residential area. In 2018 the district plan was finally approved and shortly after also the building permit, whereafter the transformation of the historic post office could be set in motion.
After the demolition of the old building in 2018, construction started in January 2019 and a year later the rental of the 90 newly constructed residences in Frimærket began. At the official rental start, more than 250 potential tenants visited the first open house event. Despite a 2020 marked by Covid-19, ALFA announce that Frimærket was almost fully let within six months and even before the final handover in July 2020. Frimærket is now buzzing with life from the young couples, families with children and seniors who have moved into the modern setting on the historic post office property, which is now being passed on to an international investor.
