Media report: Americans buy house for Jørgen Wæver — he denies the claim Jørgen Wæver Johansen is now responding to Weekendavisen’s report about the purchase of a property involving his American business partners. According to Weekendavisen, Jørgen Wæver Johansen’s American business partners have spent DKK 5.4 million on buying a new property for him. Last year, the American company Greenland Development Partners acquired a stake in Greenland Water Bank, a company owned by Jørgen Wæver Johansen and Svend Hardenberg. Weekendavisen reports that it has obtained the payment receipt for the property transaction, showing that the American company transferred USD 823,000 from its address in New York to the former owner. However, in a written response to KNR, Jørgen Wæver Johansen denies that the Americans bought the property. According to Sermitsiaq, the deed lists Jørgen Wæver Johansen’s company, Inuit Properties Greenland, as the owner. He owns 100 percent of the company. Wæver Johansen told KNR that the property is a commercial investment. It is widely known that Nuuk faces a shortage of accommodation during the summer months. Jørgen Wæver Johansen says the investment in the property is a response to that situation. “The purpose is simple: to ensure that our employees and business partners have access to safe and reliable accommodation when they are working in Nuuk,” Jørgen Wæver Johansen wrote to KNR. Foreign nationals wishing to purchase property in Greenland require an exemption from the Greenlandic government unless they have lived and paid taxes in Greenland for at least two years. Jørgen Wæver Johansen told KNR that he is personally liable for the property. “The investment is structured on ordinary commercial terms through a combination of equity and secured, interest-bearing loans that must be repaid. I have assumed both the debt and the business risk.” “The property will be operated commercially, including for short-term stays. Investing in necessary capacity where demand clearly exceeds supply is exactly the kind of practical investment Greenland needs.” He also notes that his business relationship with the American company Greenland Development Partners is already well known. —KNR #Ejendom #Grønland #Investering
