Invesco Real Estate has acquired a 56-unit development in a suburb outside of Copenhagen. The financial terms were not disclosed.
The acquisition was made on behalf of Invesco’s European Living Fund. The seller is CECN ApS and Ejendomsselskabet Casa Nord ApS.
This transaction is the fourth residential investment Invesco has made for its institutional investors in Denmark in 2021. The transaction increases Invesco Real Estate’s exposure to the Danish residential-investment market as part of its European Living Fund, which is focused on high-grade, turnkey residential developments with attractive social and environmental profiles located in strong, growing micro locations in Europe.
The acquisition was secured in cooperation with Copenhagen-based RUBIK Properties, a leading operating partner in Denmark and an established partner for Invesco. The development complies with high ESG building standards and received the highest BR 18 grade-A rating for this
