Commenting on the acquisition, Patrizia’s Managing Director for the Nordics, Rikke Lykke, says the Nordic region and the largest Danish cities in particular continue to be a very attractive market for institutional investors.

“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.