AEW has bought a fully-let 32,755sqm asset in Denmark as its first life science asset.
础贰奥鈥檚 open-ended Eurocore fund has bought the Sydmarken 5 asset in the Medicon Valley of Copenhagen.
Christina Ofschonka, senior fund manager for Eurocore at AEW, said: 鈥淲e have been seeking opportunities in the emerging life sciences sector given the highly resilient income it offers driven by strong underlying fundamentals. Across Europe the sector is characterised by low supply of good quality and highly specific stock that occupiers require, coupled with increasing demand that was already fuelled by increased government and private investment into healthcare and pharmaceutical research and manufacturing, even before the pandemic brought it into even sharper focus.
鈥滳openhagen鈥檚 life sciences industry is seen as a world leader and this asset is at the forefront of that reputation.鈥�
launched its first open-ended, pan-European core real estate fund in December. The Eurocore fund raised 鈧�410m in a first close and will pursue stable, long-term income returns by investing in a 鈥渇uture-proof diversified portfolio鈥� of office, logistics and residential assets.
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