Komvi, the Danish single-family rental platform created by European private equity real estate firm Deutsche Finance International (DFI) and investment specialist Evervest has added 136 rental homes in the Copenhagen area to its portfolio.
Komvi has invested an unspecified amount to acquire the Engrækkerne residential scheme of terraced and single-family rental homes in Kokkedal from Arthascope Capital.
The acquisition represents Komvi’s seventh investment and follows the recent acquisition of 97 newly built terraced houses in Greve, south of Copenhagen from Danish developer Casa Nord.
As previously reported, Komvi, which is targeting €500m in assets under management, had secured an unspecified amount from Grosvenor’s diversified property investments business.
Paul Nearchou, partner at DFI, said: “This acquisition is a natural next step for Komvi and a strong example of the type of standing assets we want to add alongside our development projects. Engrækkerne combines high construction quality, with strong local dynamics and plays into the long-term demand trend for professionally managed family housing.
“Together with Evervest and Grosvenor, we continue to see a large number of opportunities to scale Komvi as we work towards building a €500m platform.”
William Kanta, CEO of Evervest, said: “Engrækkerne is fully aligned with Komvi’s purpose of creating modern homes that support everyday life in strong local communities.
“For us, this investment is not only about exposure to a structurally attractive residential segment. Long-term value is created when high-quality homes in the right locations are managed well over time, with a strong focus on residents, operations and the local community. Engrækkerne is a good example of that approach.”
Jan Severin Sølbæk, CEO and founder of ArthaScope Capital, said: “We are pleased to hand over the residential scheme and deliver the keys to DFI and Evervest, whom we are confident are the right owners to operate the project in its next phase as a stable residential asset with a focus on long-term operations.”
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