Grosvenor has anchored a new Danish single-family rental platform created by pan-European private equity real estate platform DFI and investment firm Evervest.
The newly launched platform Komvi, which is targeting €500m in assets under management, has secured an unspecified amount from Grosvenor’s diversified property investments (DPI), marking Grosvenor’s first investment in Denmark.
Komvi has been seeded with a €150m forward-funding acquisition of approximately 400 newly-built homes across five projects in Zealand, Jutland and Greater Copenhagen.
DFI and Evervest said they are currently assessing additional opportunities across Denmark, with plans to expand Komvi through targeted acquisitions and forward-funding projects.
Andy Yates, CIO of Grosvenor DPI, said: “This deal marks Grosvenor’s first investment in Denmark and exemplifies our approach to backing specialist local partners who share our values and have a deep understanding of their markets.
“The DFI and Evervest teams’ commitment to providing high-quality, sustainable homes that meet local needs aligns with our strategy to deliver long-term value while promoting environmental responsibility, social wellbeing and community support.”
Paul Nearchou, partner at DFI, said: “Grosvenor’s decision to back DFI and Evervest with a significant capital commitment for its first investment in the Danish market is a strong endorsement of both our track record and this investment thesis.
“Our aim is to build a market leading platform and our seed portfolio gives Komvi immediate scale and quality from launch.”
William Kanta, CEO of Evervest, said Komvi marks the launch of Evervest’s first dedicated residential investment strategy and is a “major milestone for us as a company”.
Kanta added: “Our partnership with DFI and Grosvenor reflects exactly what Evervest was created to do – develop clear investment strategies and execute them with strong local expertise and purpose.
“Grosvenor’s commitment, in its first investment in Denmark, is a clear endorsement of both our approach and the opportunities we see in the Danish housing market.”
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