Invesco Real Estate, one of the largest investment managers globally, completes their sixth residential investment in Denmark with a forward-commitment of 167 apartments in the Skovlunde district of Copenhagen.
We are delighted to complete yet another residential development project in Greater Copenhagen with the team at Invesco Real Estate in line with the core business of RUBIK Properties being an operating partner for international investors.
This transaction brings the total number of units to 464 which Invesco Real Estate has recently invested in on behalf of its strategic opportunities investment programme in Denmark over the past few weeks.
The residential project in Skovlunde has been acquired from the developer 1927 Estate consists of 106 new build apartments situated on the corner of Ballerup Boulevard and Torvevej, with an average size of 70 sqm extending to 7,468 sqm; a further 6,059 sqm, which will comprise an additional 18 town houses with an average size of 133 sqm and 43 duplex apartments with an average of 84 sqm in addition to 1 small apartment of 44 sqm, all constructed over three and four floors. The entire project will be delivered on a turnkey basis, with completion expected in Q1 2023.
Thanks to Invesco Real Estate for entrusting RUBIK Properties as their local partner and to Accura law firm, NIRAS, TREFA and PWC for buy-side advice.
[RUBIK Properties – an operating partner for international investors]