Invesco Real Estate has bought a 6,000sqm residential asset in Copenhagen on behalf of an unnamed Danish investor.
The manager has paid an undisclosed sum to buy the newly built 65-unit Grønttorvet 16 asset in Valby.
Invesco’s latest deal is the second investment in the Grønttorvet regeneration scheme following the acquisition of 191 apartments last October.
Late last year, Invesco also made a residential investment in the Islands Brygge area in central Copenhagen.
John German, MD – residential investments at Invesco, said: “The Danish residential market is still relatively new for us but; this third investment within ten months confirms our commitment to both this market and sector.
“We plan to continue to further widen our residential footprint across Europe given the strong track record we have in the asset class, our deep knowledge of the market and our positive view of the pan-European residential sector on disciplined, long-term basis.”
Christopher Brassington, senior director – fund management at Invesco, said: “We are delighted to be able to close this transaction as scheduled under the current challenging circumstances of COVID-19 and to be already able to confirm that leasing has progressed successfully.
“With this high-quality asset in Grønttorvet we have the opportunity to gain exposure to an excellent, world-class regeneration project and in collaboration with our local, prime partners RUBIK properties and FB Gruppen A/S to deliver affordable housing in a sustainable and community-friendly environment.”