09.11.2021   News . Residential Real Estate

Primevest Capital Partners acquires residential project in Denmark on behalf of German pension funds

 
 
Pan-European investment manager Primevest Capital Partners (Primevest CP) has acquired a housing project in Roskilde in Denmark for approximately €17 mln from MT Højgaard Projektudvikling for a group of German pension funds. The project is scheduled for completion in early spring 2023.
Pan-European investment manager Primevest Capital Partners (Primevest CP) has acquired a housing project in Roskilde in Denmark for approximately €17 mln from MT Højgaard Projektudvikling for a group of German pension funds. The project is scheduled for completion in early spring 2023.

Claudia Gerber, Senior Asset Manager at Primevest CP, said: “Primevest Capital Partners is acquiring in Roskilde after an absence of several years. This is a great quality project centrally located in a beautiful and traditional city, which we believe will appeal to different types of tenants, particularly young families. 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.”

The development will comprise five townhouses located at Kildegården 1 offering a total of 35 apartments, ranging in size from 84 to 119 sqm, of which five are penthouse apartments, each with their own rooftop terrace and balconies and the remainder apartments with two balconies. The scheme is centrally located in Roskilde within walking distance of the city centre and railway station. It 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 and has been developed to blend with the local environment. Each apartment will have a dedicated parking area and four bicycle parking spaces will be created for every 100 sqm of living space.

One of the oldest cities in Denmark, Roskilde is located 30 km west of Copenhagen on the Roskilde Fjord. The municipality of Roskilde has around 88,000 inhabitants and, apart from Copenhagen, is one of the most popular places to live on the peninsula. The population has grown by around 8% in the last 10 years. This trend is expected to continue, with the Danish Statistics Office predicting 14% growth between 2018-2045, significantly higher than the national forecast. The city is home to numerous companies active in the food industry as well as several research institutes and university with 9,000 enrolled students. The residential development is located southwest of downtown Roskilde and extends from Kildegården 1 along Møllehusvej to Helligkorsvej.

Lise M. Bækgaard, associate partner at Danielsen Architecture, added: “Our cooperation with Primevest will allow us to realise the architectural vision we had for this area and to create a diverse residential complex that ticks all the boxes in terms of future sustainability requirements. While we aim to meet the needs and desires of a modern family with this development, we also wanted to ensure that the architecture fits in with its surroundings and the historical context.”

MT Højgaard Projektudvikling is already receiving leasing enquiries from Roskilde residents. The firm’s construction arm Enemærke & Petersen  started work this autumn.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specialises in investments in innovative real assets. At Primevest Capital Partners, our vision is to future-proof our cities by delivering better urban living, connectivity and mobility as we invest across Europe in contemporary, affordable homes, communication infrastructure and car parks. Our investment philosophy and vision are energised by the current trend of urbanisation and the ability to fulfil the modern needs of metropolitan communities, while enhancing the quality and sustainability of people’s lives. From our offices in Utrecht, Eindhoven and  Berlin, a team of 70 professionals manage €2.8 billion of assets including six sector-focused funds, three individual institutional mandates and a portfolio of approximately €0.9 billion in investments targeting private and institutional investors as well as family offices following the acquisition of Holland Immo Group.

For more information, please contact:

Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
T: +31 6 832 005 61
lisette.vanderham@primevestcp.com
www.primevestcp.com