Aviva Investors Real Estate France has acquired the residential building “Vestre Teglgade 2” in Copenhagen. The asset has been sold by the Danish pension fund PKA. Delivered in 2017, the residential property offers circa 18,250m² of lettable space spread over a ground floor and 6 upper floors. It comprises 187 residential units with either private terraces or balconies and a parking basement. The high-quality building offers efficient layouts and an inner garden with bike shelters and other common utilities. The property is almost fully let and benefits from a grade-A EPC. The asset is located in Teglholmen, a peninsula in the southwest of Copenhagen, close to multiple convenience shops, a public school, a university, and a popular swimming pier. The property offers excellent connectivity to the city center via bike, bus, and train. In the future, the building will benefit from the construction of a new canal surrounding the property and from a new metro station already under construction. The purchase price was not disclosed.
Grégoire Bailly-Salins, Head of Transactions Europe at Aviva Investors Real Estate France commented: “Following the acquisition of both Farumgade 4-14 and Skelmosevej 6 earlier this year, Vestre Teglgade 2 strengthens our residential portfolio under management in Denmark. We firmly believe that the continuous redevelopment and infrastructure improvements of the South Harbor area, its direct vicinity to the historical city center and its popularity among families will benefit to our asset and make it a perfect addition to our current portfolio.”
