Europa Capital has invested in a portfolio of office and residential property assets in Denmark.

The investment manager, in a joint venture with Danish asset manager Keystone Investment Management, paid €178m for the portfolio in Copenhagen’s Valby district.

The assets are being sold by De Forenede Ejendomssekskabe.

Hugo Black, a partner at Europa Capital, said: “The Valby residential accommodation will help towards alleviating the supply-constraint pressures in the capital city, which have been created by a growing populace.” 

Europa Capital said the portfolios included four residential blocks comprising 318 units, and six office buildings with combined space of 24,989sqm.

The latter have largely been refurbished to a high quality, with occupancy at 81%.

The assets are near Europa Fund IV’s residential investment, which includes 357 units.