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Inside Business: Giant deal collapses at the eleventh hour

June 30, 2017

Following several months of intensive negotiations the giant Blackstone is realizing, that the shy billionaire Svend Petersen has changed his mind and no longer is intent on selling his life’s work City Apartments in spite of a prize of 5 billion DKK. It is the third time a deal with the unapproachable businessman comes to nothing, Morten Johnsen at Inside Business reports.



Danish expatriate Svend Petersen

family group City Apartment


Round Hill

broker company Colliers

his son Rolf Petersen

generational change

a threatening tax bill of several hundred million

the German giant Patrizia

Danish Rikke Lykke


CVR register

(Copenhagen street) Puggaardsgade 11,



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