CapMan Residential Fund (CMRF) invests in Køhlers Have, a newly built residential property located in the attractive South Harbour area of Copenhagen. The high-quality core residential property holds 384 apartments and two commercial units. The property will be DGNB Gold (new construction) certified. This is the sixth investment for CapMans pan-Nordic core residential fund. The investment is well-aligned with the funds strategy to invest in attractive locations in the major Nordic cities, and in properties with strong sustainability profiles.
The residential property was completed in May 2023 and comprises of 3 buildings, constructed in high-quality materials, and designed in the architectural style of the “old” South Harbour, characterised by its triangular red roof tops. The buildings hold altogether 384 residential units, 2 retail units and 124 underground parking spaces. Each residential unit has a balcony or terrace, and each building has a green courtyard and roof top terrace. All residential units are fully let out. The property will be DGNB Gold (new construction) certified.
The South Harbour area in Copenhagen is an attractive area that has undergone significant developments in the last 20 years. The property is well-situated, with a new metro stop opening just 200 metres from the property in 2024, allowing inhabitants to reach the city centre in just 8 minutes. Amenities such as shops and restaurants are within short walking distance and Fisketorvet Shoppingcenter is just an 8-minute bike ride away. The area holds daycare facilities and elementary schools, and a new elementary school is planned to be built right next to the property.
The asset is acquired from NREP and AG Gruppen for DKK 1.24 billion. This is the fourth Danish investment, and sixth investment overall for CMRF.
Source: press release received on 29 November 2023.