CBRE Global Investors has agreed the acquisition of Marmorvej 19-49, a residential asset in Copenhagen, from Patrizia. Comprising 128 residential units and four commercial units, this acquisition marks the fund’s first residential deal in Denmark. The purchase price was not disclosed.
Constructed in 2015, Marmorvej 19-49 consists of 13,469m² of residential accommodation, spanning six buildings. The Grade A EPC labelled buildings are fitted with solar panels that supply energy for the communal areas and all apartments include a balcony or terrace, and range in sizes from 76 to 150m² with an average of 105m².
Situated in Nordhavn, the homes benefit from a superb harbourside location with plenty of outdoor areas, as well as shopping and dining options nearby. The property is within 500m distance from public transport links such as the S-train, buses, and the new Metro line extension to Nordhavn. The centre of Copenhagen is only three metro stops away and can also be reached within 10 minutes by bicycle.
Andreas Norberg, Head of Investment Operations, Nordics, CBRE Global Investors commented: “Copenhagen is one of the most dynamic and sustainable cities in Northern Europe, and so we are excited to have taken our first steps in this market for one of our direct strategies, thanks to a rare opportunity to acquire a sizeable prime asset in one of Northern Europe’s most sought-after residential neighborhoods. With Copenhagen consistently ranked* among the most sustainable and livable cities in the world and urbanization set to drive further residential demand, we expect this asset to deliver consistent and attractive returns for our investors.”
