A residential fund managed by the property arm of Nordic private asset manager CapMan has acquired a DKK1.24bn (€166m) property in Denmark’s capital city from NREP and AG Gruppen.

The open-ended CapMan Residential Fund (CMRF) has acquired the newly built Køhlers Have residential property in the South Harbour area in Copenhagen. Køhlers Have comprises 384 apartments and two commercial units.

The transaction represents CMRF’s fourth Danish investment and the sixth investment overall for the core residential fund.

Hasse Wulff, investment director at CapMan’s real estate business, said Køhlers Have is situated in an exceptional location, 5km from Copenhagen City Hall Square and directly adjacent to the upcoming South Harbour metro line, factors that contribute to the property’s long-term investment potential.

Torsten Bjerregaard, managing partner at CapMan’s real estate division, said: “The CapMan Residential Fund invests in attractive locations in major Nordic cities, focusing on properties with strong sustainability profiles. Køhlers Have fits this strategy very well.”  

Bjerregaard said the pan-Nordic core residential fund, which has raised close to €1bn since 2021, is continuing to raise capital, aiming to reach €2bn in 2025, “while further expanding its portfolio in Denmark and throughout the Nordics”.

To read the latest IPE Real Assets magazine click here.