The project Bjerglandsbyen in the area Brønshøj is purchased from RHB Development ApS. The property will be built a total of 114 units, divided into 83 apartments and 31 townhouses. The building also includes an underground garage with 56 places. The property is completed for occupancy in the summer 2018.
Total surface amounts to about 11 300 s.q.m. and transaction amounts to approximately EUR 51M. The transaction takes place through the acquisition of companies and financed with its own cash and mortgage credit financing.
"Brønshøj and the plot itself is a very attractive residential area in Copenhagen. A well-established society without major development opportunities creating a stable and predictable market and the potential for value growth," says Magnus Nordholm, EVP Heimstaden.
Gorrissen Federspiel has been Heimstaden’s advisor in the transaction.