Europa Capital, working with Keystone Investment Management, has completed the acquisition of a further 38 residential units in the Osterbro area of Copenhagen, just north of the inner city, on behalf of its core fund, Europa Diversified Income Fund (EDIF). The 3,467m² building at Nygaardsvej 27 is located in the heart of this upscale residential district and is a high-quality property with attractive fit-out and excellent amenities. The fully leased property, constructed in 2017, was acquired in an off-market transaction.
EDIF, which held its first close of €350m in November, is aimed at international investors and is focused on creating stable and diversified income through investments in the logistics, residential and office sectors. The Fund aims to capitalise on the structural changes of innovation and urbanisation, targeting strong economies in Western Europe, with a focus on France, Germany, the Netherlands and Denmark.
Andy Watson, Partner and Fund Manager at Europa Capital, commented: “After the recent PRS acquisitions in Amager, we are pleased to add a further prime Copenhagen residential asset to our diversified income portfolio. This is the 15th asset in the Fund and takes the annual fund income to almost €20m. We continue to look for more acquisition opportunities as we build an asset base with a focus on liquid investments in the most liquid markets of Continental Europe.”