Barings has acquired a 380-home residential project in Denmark, marking the firm’s second real estate investment in the country since its market entry earlier this year.
The manager has invested an unspecified sum in the forward purchase deal to acquire the 30,000 square meter Smedeland 28 residential development project in Greater Copenhagen on behalf of a US insurance company.
The seller, Jensen & Nielsen Gruppen, will be retained as the development manager for the project.
Source: realassets.ipe.com on the 20th of October