Viga Real Estate and Pictet Alternative Advisors have added 96 residential units to their recently established Danish residential joint venture.
The partnership has acquired the Project Delta residential asset in Vallensbæk Strand, within the Greater Copenhagen area. The 9,466sqm asset built in 2007 offers three- and four-room apartments over two high-rise buildings.
Financial details were not disclosed.
The latest deal follows the acquisition of Project Gateway in December 2024, which served as the inaugural transaction for the partnership.
Together with this initial asset, the joint venture between Pictet and Viga now comprises nearly 650 apartments in prime locations across Greater Copenhagen, the companies said.
Linus Nilsson, head of Nordics, real estate at Pictet Alternative Advisors, said: We’re excited about adding an additional 96 high quality residential units to our standing residential portfolio in Copenhagen and to further expand our successful collaboration with Viga Real Estate.
“This acquisition is underpinned by our continuous belief in the Copenhagen residential market, fuelled by a lack of supply and a very dynamic local economy.”
Kristian Vinther, founding partner at Viga Real Estate, said: “Project Delta is a strong addition to our growing Greater Copenhagen portfolio and a natural next step in our successful partnership with Pictet Alternative Advisors.
“The asset combines quality, location, and long-term demand fundamentals, fully aligned with our investment strategy.”
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