Goldman Sachs Asset Management to acquire three residential projects in Denmark.

Goldman Sachs Asset Management has reached an agreement to acquire three residential projects together with Rubik Properties from the residential developer Maycon. The projects are located in Ringsted, a regional growth city on Zealand, and comprise 17,300 sqm of total area across more than 210 residential tenancies. The acquisition is the third transaction entered into by Goldman Sachs and Rubik Properties, having earlier this year acquired 10 properties comprising 1,265 residential apartments across 10 growth cities in Jutland.

“We are pleased to expand our Danish residential strategy together with Rubik Properties and do a first transaction with Maycon to deliver newly built and DGNB certified residential apartments at affordable rents. This represents our first exposure to Ringsted, further diversifying our portfolio,” said Henrik Ohlsen, Executive Director in the Real Estate business within Goldman Sachs Asset Management.

Goldman Sachs and Rubik Properties were advised by resp. Brunn & Hjejle, KPMG, NIRAS and Colliers.

[RUBIK Properties – an operating partner for international investors]