The property spans over 14,000 square meters and is let to student housing, residential, fitness and F&B purposes. The property is located in a very sought after and central location in the metropolitan area of Frederiksberg.
The location was historically used for industrial purposes but following demolition of the old buildings and construction of a project designed by recognized architects C.F. Møller, the location now welcomes residents to a state of the art building for green living including extensive use of roof solar panels.
In a press release Simone Pozzato, Managing Director and HECF Fund Manager, at Hines, says:
“We continue to broaden our exposure to the living sector, driven by the strong fundamentals of some European cities which continue to grow at rapid pace but are severely undersupplied in terms of residential stock. Mariendalsvej 55-57 is a very attractive investment due to its prime urban location, strong market fundamentals and its ability to meet the needs of both residents and students. It is rare to acquire an existing but modern high-quality scheme in such a prominent location. The Fund will continue to target these type of investment opportunities and the Nordic region offers strong risk-adjusted returns for core investors who have local experts like James Robson and his team present on the ground.”
James Robson, Senior Managing Director and Country Head – The Nordics, at Hines, comments:
“We are very pleased with the acquisition of Mariendalsvej 55-57. It’s a gem of a location and our second living asset in Denmark and once again demonstrates our long-term commitment to the Nordics. We believe there is ample appetite for quality living spaces and student accommodation in Denmark that is centrally located with excellent transport and connectivity links, underpinned by ESG and wellness credentials. We will continue to seek out similar living opportunities, on or off market, as we continue on our growth trajectory.”
The transaction value was well above half billion DKK and the Lundgrens team has been proud to be involved as legal counsel throughout the transaction.
