Global real estate manager LaSalle Investment Management has acquired a prime new-build residential asset in Frederiksberg, Copenhagen, on behalf of its open-ended pan-European LaSalle E-Regi fund.
The deal represents LaSalle E-Regi's first investment in a residential property in Copenhagen, exemplifying the Fund‘s appetite for best-in-class residential assets in Europe’s key cities.
It follows the recent acquisition of ‘Lacus Quartier’ in Berlin, which provided a strategic foundation for further growth in the residential sector for the fund.
Uwe Rempis, managing director and fund manager of LaSalle E-Regi, commented: 'This acquisition marks a key milestone in the Fund’s strategy to further diversify its country and asset allocation by adding its first Danish residential property.
'The asset’s location, combined with its strong sustainability credentials and the robust demand for residential space in central Copenhagen, is projected to drive strong long-term rental income.'
Copenhagen, underpinned by its strong fundamentals and buoyant growth forecast for disposable income, was ranked as the eighth strongest city in LaSalle’s 2021 European Cities Growth Index and is earmarked as a key market for LaSalle.
Source: propertyeu.info on the 27th of June