Barings has acquired a 380-home residential project in Denmark, marking the firm’s second real estate investment in the country since its market entry earlier this year.
The manager has invested an unspecified sum in the forward purchase deal to acquire the 30,000sqm Smedeland 28 residential development project in Greater Copenhagen on behalf of a US insurance company.
The seller, Jensen & Nielsen Gruppen, will be retained as the development manager for the project.
Barings said the residential scheme, which features nine retail units totaling 3,000sqm, is expected to be complete in four phases between late 2027 and mid-2028.
Andreas Norberg, managing director and country head Nordics at Barings Real Estate, said: “Following our entry into the market earlier this year with the acquisition of a build-to-rent scheme, this transaction reflects our conviction in the strength of the Danish living sector.
“Smedeland 28 is located in Greater Copenhagen’s most dynamic regeneration area, boasting excellent connectivity, strong ESG credentials, and robust local demand which make it a compelling addition to our European residential portfolio.”
Gunther Deutsch, managing director, head of European transactions and Country head Germany at Barings Real Estate, said: “We anticipate that 2025 will be our strongest residential investment year ever with approximately €1bn invested into BTR, BTS and PBSA. 95% of this capital will be invested in joint ventures with developers for new products.
“We continue to have significant appetite and capital to deploy across Europe through a range of strategies and investment structures, including joint ventures with local developers.”
Thomas Linneberg, CEO, Jensen & Nielsen Gruppen, said: “The project will meet the market demands focusing on affordable living in a high-quality standard for tenants.
“We have worked intensively to optimise the building design with our advisors and develop solutions that minimise energy consumption, collaborating with one of the global leading companies in energy efficiency for buildings.”
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