Tristan Capital Partners and Keystone Investment Management have forward purchased a 208-unit residential scheme in Copenhagen, Denmark.
Tristan will acquire the asset on behalf of its long-life, core-plus fund, Curzon Capital Partners 5 Long-Life, which on May 8 reported a fundraise of almost $1.6 billion from a total of 56 investors, according to an SEC filing.
Located in Kirkebjerg, Glostrup, in western Copenhagen, the project is a 16-minute train ride from the city center.
“Continued strong population growth and a substantial supply shortage have driven the need for new, energy-efficient, quality rental housing in the greater Copenhagen area,” said Anne-Jan Jager, executive director at Tristan Capital. “This project will be built in accordance with the highest energy efficiency standards in Denmark, allowing the fund to qualify for its first green bond financing.”
Tristan capital
