Barings has acquired a 380-home residential development project, spanning 30,000 square meters (322,900 square feet), in Greater Copenhagen on behalf of a U.S. insurance company. The off-market, forward-purchase transaction is Barings’ second real estate investment in Denmark, having entered the market earlier this year.
Acquired from Jensen & Nielsen Gruppen A/S, which will be retained as development manager, Smedeland 28 will comprise 380 homes totaling 27,000 square meters (290,600 square feet); nine retail units totaling 3,000 square meters (32,300 square feet); and 270 parking spaces, including electric vehicle (EV) charging. The scheme is designed to EPC A standards, and all units will feature balconies, modern appliances, and access to extensive green spaces and amenities. The development will also feature a supermarket on a 15-year lease of 1,700 square meters (18,300 square feet), positioning Smedeland 28 as a central hub within the regeneration area.
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