FDBusiness.com

Carlsberg Sells Brewery Site for €335 Million

 Breaking News
  • Vion Names New CEO Vion, the international meat group, has appointed Ronald Lotgerink as its new CEO with effect from 1 September. Ronald Lotgerink is currently the CEO of Zwanenberg Food Group, a leading European producer and exporter of meat products, canned meat, snacks, soups and sauces. Ronald Lotgerink started his career at KPMG. In 1989 he joined Zwanenberg Food [...]...
  • Harrogate Water Reports Record Sales Harrogate Water has announced another year of record sales with growth of 24 per cent – almost four times higher than market growth for bottled water. The company has seen increased sales in the high-volume supermarket sector, continued strong growth in export and travel markets and greater demand for premium glass products in both grocery [...]...
  • Alcohol Worth £16 Billion is UK’s Leading FMCG Category Innovation in the drinks sector and a reduction in the amount of trade promotions has seen Alcohol retain its place as the top selling FMCG category in the UK, worth £16.1 billion (€18.2 billion) in value sales to the economy. This is according to big data and technology expert for consumer industries, IRI’s Top Categories Special Report – an analysis [...]...
  • Irish Grocery Market Fends Off the Beast from the East The latest grocery market share figures from Kantar Worldpanel, published today for the 12 weeks ending 25 March 2018, show that the Irish grocery market brushed off the Beast from the East to post strong sales growth of 3.8%. Douglas Faughnan, consumer insight director at Kantar Worldpanel, comments: “Although shoppers had upped their spend in preparation for [...]...
  • TrayTrack – A Unique Inline Overhead Concept For Optimum Tray Logistics Once trays have been filled with product, poultry processors will often be faced with how to transport them to packaging equipment elsewhere in the plant. This job can be done manually using crates. Alternatively, product can be transported on a complex system of belt conveyors, usually criss-crossing other similar systems. TrayTrack, a unique automated solution [...]...

Carlsberg Sells Brewery Site for €335 Million

Carlsberg Sells Brewery Site for €335 Million
April 13
11:28 2012

Carlsberg Group has sold its former brewery site in central Copenhagen for about DKr2.5 billion (Eur335 million) to a consortium of Danish investors. The proceeds will be used to reduce the Danish brewer’s debt.

The deal includes a site area of 250,000 sq m, attractively situated on the border of Copenhagen city centre. The site’s history, location and size presents an attractive opportunity to create a new citydistrict – ‘Carlsberg City’. The aim is to develop Carlsberg City into one of the most attractive parts of Copenhagen.

The total development site will be 567,000 sq m, offering a mix of commercial, residential and cultural areas. A number of buildings worthy of preservation will be refurbished, thereby ensuring the preservation of the old brewery’s unique 160 year heritage. In addition, more than 500,000 sq m of buildings will be erected, including 9 slim high rise towers of up to 120 metres which will stand as markers for Carlsberg Cityand offer excellent views of Greater Copenhagen and Southern Sweden.

Carlsberg will retain a 25% stake in the site and will book a pre-tax capital gain of approximately DKr1.7 billion as special item in the second quarter of 2012. The post-tax capital gain will be approximately DKr1.4 billion, free cashflow will be positively impacted by approximately DKK 1.9 billion, and net interest bearing debt will be reduced by a similar amount.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • April 19, 2018Expo Drink & Wine
  • April 19, 2018GastroPan Exhibition
  • April 22, 2018Natural & Organic Products 
  • April 24, 2018Seafood Processing Global
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements