The 11,347 sqm property is a part of “Risskov Brynet” and includes 186 residential units under construction in three buildings. The first two buildings will be delivered in April 2019 and all its 87 residential units are planned to be leased. The size, layout and lease level of the units in the two buildings make them attractive as rental apartments for students and young couples, for example. The third building will be delivered in September 2019 and all its 99 units are expected to be sold-off to private individuals.
The location of the property is excellent, nearby the forest Riis skov, the public beach, Aarhus University, Veri centret, new regional hospital and with easy commute to the City Centre. The nearest stop of the new light railway is 0,6 km away. The area around Risskov Brynet will be further developed with more residential units and two supermarkets over the next years and with the improvement of the infrastructure from the light railway the area is positioned to become even more attractive, further increasing demand.
“We are excited about the acquisition of the Risskov Brynet property into our residential portfolio in Denmark. The trend for increased urbanisation continues to strengthen the Aarhus residential market. Young people from all parts of Jutland come to Aarhus to study and a large part settle in the city after completing their studies. We intend to make similar investments in residential properties this year,” comments Peter Gill, Investment Director at Capman Real Estate.