Swedish private equity firm Sveafastigheter said that its Fund III has made its first investment in Denmark with the acquisition of a residential portfolio in Copenhagen.
Swedish private equity firm Sveafastigheter said that its Fund III has made its first investment in Denmark with the acquisition of a residential portfolio in Copenhagen.
Sveafastigheter has acquired a portfolio comprising 82 ownership apartments in Ørestad City with a total leasable area of 7,000 m2. The apartments were acquired from CarVal Investors for a price of DKK 121 mln (EUR 16 mln). The transaction was signed in late July and closed on 4 October.
'We have surveyed the Danish property market for a long time and find the timing to be favourable for market entry. We are excited to make our first investment in Denmark and plan to be an active investor in this market,' said Simon de Château, CEO at Sveafastigheter.
Accura acted as legal advisor to Sveafastigheter in the transaction.
