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LaSalle acquires Copenhagen residential portfolio

LaSalle has acquired a portfolio of three residential buildings across Copenhagen, Denmark. The assets were acquired from P+, the Danish pension fund, on behalf of Encore+, LaSalle’s Flagship European open-ended fund.

The 270 residential units that make up the portfolio are situated throughout Copenhagen, all in attractive locations with excellent amenities. Most units have balconies, and shared green areas and courtyards. Combined, the buildings also have around 1,000 square metres of commercial/retail space.

As of the purchase date, the buildings are almost fully occupied, and the Fund anticipates strong future rental income from the assets.

LaSalle was advised by Keystone Investment Management who will assist in managing these assets, Accura, KPMG and Drees and Sommer.

Source: lasalle.com on the 18th November