Nordic property fund manager Sveafastigheter has carried out its third Danish investment for its third real estate fund.
Nordic property fund manager Sveafastigheter has carried out its third Danish investment for its third real estate fund.
Sveafastigheter in co-operation with local asset management partner North Property Asset Management is acquiring 177 modern apartments from AP Pension for DKK 400 mln (€54 mln).
The apartments are located in three central locations in Copenhagen, Kongens Lyngby and Aalborg and have a total leasable area of 17,300 m2.
The acquisition complements the Swedish company's existing portfolio and gives it a substantial residential platform in Denmark, noted Simon de Château, CEO and partner at Sveafastigheter.
Bruun & Hjejle acted as legal advisor to Sveafastigheter.
Sveafastigheter is a leading Nordic property fund manager headquartered in Stockholm with offices in Helsinki and Malmö. The company was founded in 2003 and currently manages assets in Sweden, Finland, Denmark and Estonia worth in total €1.1 bn. Its latest fund, Sveafastigheter Fund III, has EUR 317 mln of equity commitments.
Increasing investment in Danish real estate will be one of the subjects discussed during PropertyEU's Nordic Investment Briefing in London on Wednesday morning. (27 March).
