Primevest CP pays €17m for Danish PRS housing project
Utrecht and Berlin-based Primevest Capital Partners has acquired a housing project in Roskilde, Denmark, for approximately €17 million from MT Højgaard Projektudvikling on behalf of a group of German pension funds.
The project, which is scheduled for completion in early spring 2023, will comprise five townhouses located at Kildegården 1 providing a total of 35 apartments, ranging in size from 84 to 119 sq m. The scheme is centrally located in Roskilde and is being developed by MT Højgaard Projektudvikling in cooperation with Danielsen Architecture. Primevest Capital Partners’ Berlin office was responsible for the transaction.
The sustainable building project will be DGNB Silver-certified.
Roskilde is 30 km west of Copenhagen on the Roskilde Fjord and has around 88,000 inhabitants. The population has grown by around 8% in the last 10 years, a trend which is expected to continue, with the Danish Statistics Office predicting 14% growth between 2018-2045, Primevest CP said.
Claudia Gerber, senior asset manager at Primevest CP, said: “Our goal is to invest in contemporary affordable housing, better communication infrastructure and modern car parks to enable future-proof urban living, connectivity and mobility. We have capital to invest in residential properties across Europe, including Denmark, to fulfil our clients’ growth ambitions.”
