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CBRE Investment Management acquires portfolio of affordable rental properties in Ballerup, Greater Copenhagen
Transactions - FEBRUARY 28, 2024

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CBRE Investment Management acquires portfolio of affordable rental properties in Ballerup, Greater Copenhagen

by Released

CBRE Investment Management, on behalf of a fund sponsored by the firm, has acquired a portfolio of two multi-family properties in Ballerup, Greater Copenhagen, Denmark.

The portfolio comprises 16,974 square meters (182,707 square feet) of high-quality residential space made up of 222 affordable rental units for middle-income households, as well as 77 garage spaces. The buildings were completed in 2023 to high-sustainability standards and have DGNB Gold certification. Aimed at Copenhagen’s middle-income families, the buildings are already fully let; the apartments average 75 square meters (807 square feet) and around two green courtyards that include a playground and greenhouse.

Ballerup is a well-established residential area in Greater Copenhagen known for its family-friendly atmosphere. The portfolio is next to the Ballerup station and local shopping center. With excellent transport infrastructure — including public transportation, highways and bicycle paths that

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