LaSalle Investment Management has acquired a portfolio of three residential buildings across Copenhagen, Denmark from Danish pension fund P+ .
The global real estate investment manager has paid an undisclosed sum to buy the 270 residential units on behalf of Encore+, its open-ended continental European real estate fund.
LaSalle said the fully-let buildings also have around 1,000sqm of commercial/retail space.
David Ironside, fund manager for Encore+, said: “We are pleased to announce the purchase of such a strongly performing residential portfolio in a leading European city.
”We believe well-located assets such as these will continue to generate a long-term income stream for our investors complementing the diverse return profile of the fund.”
Alexandre Arhuis-Grumbach, fund transactions manager at LaSalle, said: “We identified this specific strategy in Denmark to access high-quality resilient assets such as this residential portfolio in Copenhagen, with the intention of holding them for the long term, and we are interested in exploring similar acquisition of this type.”
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