Patrizia Acquires Copenhagen’s Marble City
Patrizia Immobilien AG announces the acquisition of the 259 apartments of the ‘Marble City’ residential area in Copenhagen from the pension fund PenSam and the public company City & Harbour. The acquisition, which comprises twelve separate properties, was made on behalf of three Patrizia funds.
“The ongoing supply and demand imbalance in these cities’ residential real estate markets continues to underpin future development. Copenhagen, as Denmark’s capital as well as a thriving economic and cultural hub, is benefiting greatly from a growing population and urbanisation, making the acquisition of the Marble City residential project a very attractive investment for Patrizia’s clients,” adds Rikke Lykke.
The acquisition is split into two stages: the first stage comprises 128 two-, three- and four-bedroom apartments with four commercial units across six properties; the second phase comprises 131 apartments across six properties.
“An investment like this for three different investors demonstrates Patrizia’s ability to tailor investment solutions for our institutional clients,” says Rikke Lykke.
The properties are located in the middle of the small Marmormolen Peninsula, neighbouring the UN City Building.
Maria Olsson Äärlaht