CapMan Nordic Real Estate has bought two central Copenhagen residential sites for a total of €25 mln.
CapMan Nordic Real Estate has bought two central Copenhagen residential sites for a total of €25 mln.
The properties have 203 units, totalling 14,500 m2 of residential space, and were sold by Unipension, a Danish pension fund.
The buildings - one on Overgaden Oven Vandet and the other on Herman Triers Plads - were both built in the 1930s.
'We see many value-add opportunities in these residential properties through modernization, extension and cost management and are hoping to extend the portfolio by adding similar properties,' said Torsten Bjerregaard, senior partner with the CapMan Nordic Real Estate.
This is the fund’s fifth purchase, and the third in Denmark.