Hines investe in un living asset in Danimarca

Hines, the international real estate firm, has acquired Mariendalsvej 55-57, its second living asset in Denmark, on behalf of its Hines European Core Fund (HECF), for an undisclosed price.

Located in Frederiksberg, a thriving neighbourhood in Copenhagen, Mariendalsvej 55-57 covers a total area of 13,901 square metres, consisting of two adjacent living properties to include 38 student housing units and 50 residential homes. In addition, the sites’ retail space of 166 square metres, has just been leased by Food Family ApS. Hines negotiated and signed a lease with this contemporary food operator whilst undertaking the acquisition, meaning the asset is now 100% let.

Completed in 2019, Mariendalsvej 55-57 is located in an affluent residential area close to several higher education institutions, including Copenhagen Business School and the University of Copenhagen. Frederiksberg is well-known for its many parks and green areas ­and is a short walk to the metro, shopping, dining and cultural attractions. The location typical appeals to a younger demographic of discerning residents and individuals. In addition, the property is EPC A rated and includes rooftop photovoltaic cells. The property has been financed (by a ‘green bond’ financing system – recognition of the asset’s sustainable credentials.

This acquisition further underlines HECF’s focus on the Nordics following three completed acquisitions in the region during the last two years. Renewed investment appetite is driven by the healthy demographic, its economic and political stability, and the increasing investment liquidity observed in the region.

This acquisition marks HECF’s fifth living purchase, aligning with its ongoing strategy to increase exposure to family-oriented residential assets in key European city markets with strong long-term growth prospects. It represents the latest in a string of HECF living deals which include a recent acquisition in Dublin and the acquisition of a mixed-use scheme in Cologne, Germany which had a significant residential component.

Source : Hines

credit : Digital Studio Steen Bjerregaard