Germany's largest pension scheme BVK has acquired three residential properties in Copenhagen from Casa, representing an investment volume once developed of €85 mln. BVK was advised by Nordic investment specialist CapMan Real Estate.
The three prime assets are located in Strandholmen, a former industrial area located four kilometres from the Danish capital's centre.
'We are very pleased to announce our second investment under the €400 mln residential investment mandate awarded by BVK. Copenhagen's residential market is continuing to grow and the rental occupancy rates are high. In addition, Strandholmen has an attractive location making the investment a perfect match for the investment strategy under the mandate,' commented Torsten Bjerregaard, senior partner at CapMan Real Estate.
The three buildings comprise a total area of 19,523 m2, including 176 apartments and 86 underground parking spaces. Two of the properties are under construction and expected to be completed in July 2018. The third property is conditional on obtaining the planning consent.
In April 2016, CapMan Real Estate advised BVK on the acquisition of an approx. €80 mln prime residential portfolio in the Helsinki Metropolitan Area under the investment mandate.
