Nrep has acquired a residential building with 390 residential units in Islands Brygge in Denmark’s capital from Nuveen Real Estate.
The real estate arm of Nordic developer and investor Urban Partners said the acquisition of the asset in Copenhagen was made via its NREP Income+ (NIP) open-ended fund aimed at long-term investments into modern logistics facilities, middle-income residential, offices and care homes.
The property is located close to both the University of Copenhagen, the IT University and metro connections, and will be let through Nrep’s in-house platform, Juli Living. The asset comprises 390 residential units that are targeted at young students and professionals.
Source: realassets.ipe.com on the 26th of June