Invesco Real Estate acquires 133 units in Greater Copenhagen

Invesco Real Estate has acquired the exclusive rights to a new development of prime, class A residential private-rented-sector (PRS) assets located in Ishøj, Greater Copenhagen, developed by the Becker/Nielsen Group.

The acquisition has been secured in cooperation with Copenhagen-based RUBIK Properties, a real estate investment adviser in Denmark, and an established partner for Invesco Real Estate.

Ved Vandet has been acquired on behalf of Invesco’s strategic opportunities investment program and consists of 133 new-build apartments with an average size of 84 square meters (904 square feet) split over five buildings of between two and eight floors, totaling 11,220 square meters (120,771 square feet), along with 133 car-parking spaces and 200 cycle spaces. The project is to be delivered on a turnkey basis and is expected to be complete by December 2022. The development prioritizes sustainability measures, such as DGNB certificates, as well as relevant property-technol