Lærernes Pension, the pension and life insurance fund for Danish teachers, has acquired a portfolio of 200 apartments in the northern Danish city of Aalborg for €44.3 mln.
Colliers International acted for the buyer in what it said was the biggest acquisition from an institutional investor to date in northern Denmark.
Lærernes Pension acquired 200 apartments on 15,000 m2 of a total development area of 110,000 m2 situated on an old freight train area. The development project was started in 2009 and includes a university campus, with supermarket retail to follow. The apartments are expected to be ready in June 2018.
'We see a rising demand from investors for properties outside of Copenhagen,' said Claus Sondrup, director Colliers International Denmark.
