Niam has acquired a residential development project, located on a former industrial plot, where the historical Dalum paper mill resided. The project was acquired from the Danish full-service contractor MT Hogaard and will deliver 301 apartments in the coming years. The project, comprising 27,500m², is located in Odense, Denmark’s third-largest city, with close proximity to nature, water, and schools as well as various transport links to the city centre. The project will receive a “DGNB Gold” certification and once completed, be part of a new attractive 45,000m² residential area.
Michael Berthelsen, Country Manager, says: “We continue to focus on sustainable real estate that satisfies the everyday needs of our tenants. We are pleased to work with MT Højgaard on this project, where the ambition is to offer sustainable high quality, yet affordable homes for everyone.”
Construction is expected to start in September 2021 by MT Hojgaard Danmark and Raunstrup, with the completion anticipated for Q1 2024.
Finn Mortensen, Project Development Director at MT Højgaard Projektudvikling, said: ”We are looking forward to cooperating with Niam and create an attractive new residential area with a variety of apartments while preserving the unique history and soul in the area of Denmark’s oldest paper mill. It is an exciting project that lets us draw on competencies across the MT Hojgaard Holding Group to transform a former industrial area into a new, diverse residential quarter.”
