Copenhagen

CBRE Global Investors Agrees Residential Acquisition in Denmark

22 Jun 2021

press-release

Corporate Communications Director

CBRE Global Investors, on behalf of one of its pan-European funds, has agreed the acquisition of Marmorvej 19-49, a residential asset in Copenhagen, from Patrizia. Comprising 128 residential units and four commercial units, this acquisition marks the fund’s first residential deal in Denmark.

Constructed in 2015, Marmorvej 19-49 consists of 13,469 sq m of residential accommodation, spanning six buildings. The Grade A EPC labelled buildings are fitted with solar panels that supply energy for the communal areas and all apartments include a balcony or terrace, and range in sizes from 76 to 150 sq m with an average of 105 sq m.

Situated in Nordhavn, the homes benefit from a superb harbourside location with plenty of outdoor areas, as well as shopping and dining options nearby.

The property is within 500m distance from public transport links such as the S-train, buses, and the new Metro line extension to Nordhavn. The centre of Copenhagen is only three metro stops away and can also be reached within 10 minutes by bicycle.

Andreas Norberg, Head of Investment Operations, Nordics, CBRE Global Investors commented: “Copenhagen is one of the most dynamic and sustainable cities in Northern Europe, and so we are excited to have taken our first steps in this market for one of our direct strategies, thanks to a rare opportunity to acquire a sizeable prime asset in one of Northern Europe’s most sought-after residential neighborhoods. With Copenhagen consistently ranked* among the most sustainable and livable cities in the world and urbanization set to drive further residential demand, we expect this asset to deliver consistent and attractive returns for our investors.

Source: https://cphpost.dk/?p=124937

About CBRE Global Investors
CBRE Global Investors is a global real assets investment management firm with $124.5 billion in assets under management* as of March 31, 2021. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.

CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2020 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 100,000 employees serving clients in more than 100 countries. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com

*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers.