Barings has acquired a 269-unit residential development project in Copenhagen, on behalf of a European value-add real estate strategy, from Catella. Catella will retain a minority stake and act as development manager.
The 18,482-square-meter (198,940-square-foot) development on a brownfield site in Herlev, a northwest suburb of Copenhagen, already benefits from zoning in-place and a building permit. The scheme is designed to high ESG standards, targeting DGNB Gold certification, the highest possible EPC rating (A2018) and WiredScore Platinum.
The development is located in close proximity to Herlev station, connecting the scheme by S-train to Copenhagen Central Station in 25 minutes. It will further benefit from the new light rail station expected to be completed later this year. Construction is to begin in third quarter 2025, with the project expected to be finalized in phases by mid-2028.
The project marks Barings’ entry into Denmark, having been active in th
