CBRE Investment Management buys affordable residential asset in Greater Copenhagen

CBRE Investment Management (CBRE IM), on behalf of a fund sponsored by the firm, has acquired Project Strandhaven-Karlslunde, an 8,100-square-meter (87,200-square-foot) affordable and sustainable residential asset in Karlslunde, Greve, Greater Copenhagen.

The asset is newly built and already fully let; it comprises 108 residential units, each with its own balcony or terrace, and 96 parking spaces, meeting the affordability and sustainability requirements of the strategy. The building is well served by local transport links: Copenhagen Central Station can be reached in just 25 minutes by rail, while central Copenhagen is just 30 minutes away by car. The asset is located next to the train station and provides ready access to excellent shopping, educational, cultural and recreational amenities, including popular leisure destination Karlslunde Beach.

Karlslunde in Greve is located to the south of Copenhagen, along the coastal line between Køge and Copenhagen. Greve has a