Pan-European fund manager Europa Capital and Denmark-focused asset manager Keystone Investment Management have acquired a portfolio of office and residential assets in Valby, Copenhagen for €178 mln.
The investment comprises two separate transactions forward-purchased from Danish developer and landlord De Forenede Ejendomssekskabe (DFE).
'We are pleased to have completed our second transaction in Valby, Copenhagen, following Europa’s acquisition of 357 of residential units in 2015,' commented Hugo Black of Europa Capital.
The portfolio includes four residential blocks comprising 318 units, and six office buildings comprising 24,989 m2 that have largely been refurbished to a high quality with occupancy currently of 81%. These assets are located adjacent to Europa Fund IV’s residential investment, which comprises 357 units.
'The Valby residential accommodation will help towards alleviating the supply constraint pressures in the capital city, which have been created by a growing populous,' Black concluded.
