Savills and its Danish associate Nordicals are marketing Project Futurum, a student, micro-living and senior housing portfolio in Copenhagen, which is currently being developed. The portfolio consists of five assets: one purpose-built student accommodation building, one senior/multi-family and three assets that have the benefit of being either student accommodation or micro-living given a recent change in local planning regulations allowing greater flexibility to investors. Total forecasted Net Operating Income is €8.8m. The portfolio offers 807 units across 34,448m² as well as a pre-let 907m² retail unit. All of the assets are located in the Danish capital and set for completion in 2020/21.
Aurelio Di Napoli, Director, Savills Operational Capital Markets, said: “Given the significant supply and demand imbalance for these asset classes within the city of Copenhagen, this is a rare opportunity for investors to establish a strong foothold, or further increase their allocation, to the traditionally restricted Danish market. Featuring the latest amenities, the newly repurposed assets offer excellent transport links and are within close proximity to leading higher education institutions. As more and more capital is trying to find a home in the residential operational real estate sector, we anticipate that this will be a market-leading transaction.”