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Bild: Heimstaden.
  • Heimstaden’s Copenhagen shopping spree continues

    PUBLICERAD 2019-02-01 AV sverrirthor
    UPPDATERAD: 2019-02-01 19:21

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    Heimstaden keeps buying residential properties in Denmark. Its latest acquisition is a property under development containing 111 flats in the Bryggens Bastion area on centrally located Islands Brygge in Copenhagen. The seller is Danish company Bach Gruppen.

    The property has a total area of 7,900 sq.m. It is expected to be completed in the summer of 2020. The asset value is DKK 336 million and the deals is made as a company acquisition, financed through existing cash reserves and new loan facilities.

    “This project is an excellent supplement to our portfolio and the smaller area-efficient flats enable us to offer optimally located rental apartments at attractive rent levels. At the same time, we achieve good risk-adjusted returns”, Heimstaden’s new CIO Christian Fladeland, comments.

    Heimstaden was advised by Gorrisson Federspiel.

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