LaSalle acquires large residential portfolio in Copenhagen

LaSalle Investment Management has acquired a portfolio of three residential buildings across Copenhagen, Denmark. The assets were acquired from P+, the Danish pension fund, on behalf of Encore+, LaSalle’s flagship European open-end fund.

The 270 residential units that make up the portfolio are situated throughout Copenhagen, all in attractive locations with excellent amenities. Most units have balconies and shared green areas and courtyards. Combined, the buildings also have around 1,000 square meters (10,764 square feet) of commercial/retail space.

As of the purchase date, the buildings are almost fully occupied, and the fund anticipates strong future rental income from the assets.

David Ironside, fund manager for Encore+, said, “We are pleased to announce the purchase of such a strongly performing residential portfolio in a leading European city. We believe well-located assets such as these will continue to generate a long-term income stream for our inves