CBRE Investment Management has acquired Project Strandhaven-Karlslunde, an 8,100m² affordable and sustainable residential asset in Karlslunde, Greve, Greater Copenhagen. The asset is newly built and already fully let; it comprises 108 residential units, each with its own balcony or terrace, and 96 car-parking spaces, meeting the affordability and sustainability requirements of the strategy. The building is well-served by local transport links: Copenhagen Central Station can be reached in just 25 minutes by rail, whilst central Copenhagen is just 30 minutes away by car. The asset is located next to the train station and provides ready access to excellent shopping, educational, cultural, and recreational amenities, including popular leisure destination, Karlslunde Beach.
Karlslunde in Greve is located to the south of Copenhagen, along the coastal line between Køge and Copenhagen. Greve has a growing population of around 33,000 and primarily attracts families with a higher household income than the average for Denmark.
Marius Schöner, Head of EMEA Residential Operator Division at CBRE Investment Management, said: “Karlslunde is mostly populated by detached family houses built in the 1960s and 1970s, and there is a distinct shortage of smaller, newly built private rental units, with little available land in the surrounding area for further development. Through this acquisition, we are able to meet the aims of this residential strategy which is to provide sustainable affordable rental homes for middle-income households. We will be delivering homes in an area that senior citizens are often priced out of the rental market and one of our impact objectives is to strive to create inclusive cities which we believe this scheme will contribute to.”