Invesco鈥檚 real estate arm has bought a 56-unit townhouse development in Denmark from CECN and Ejendomsselskabet Casa Nord.
has acquired the fully-let Lammek忙r development in a suburb outside of Copenhagen on behalf of its European living fund. Financial details were undisclosed.
Lammek忙r, completed in 2019, is situated in Glostrup, a suburb to the west of Copenhagen.
The manager said the acquisition has been secured in cooperation with Copenhagen-based Rubik Properties, a partner for Invesco.
The latest transaction is the fourth residential investment Invesco has invested in on behalf of its institutional investors in Denmark in 2021.
John German, managing director - residential investments, Invesco, said: 鈥淟ammek忙r offers affordable, high-quality residential housing to families in a Greater Copenhagen location and as well as offering easy access into the city centre.鈥�
William Ertz, a senior director 鈥� fund management, Invesco, said Lammek忙r 鈥渆nables us to generate income from Day 1 and diversifies our fund to five countries within the first year of its launch.鈥�
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