Goldman Sachs and Gefion Group in JV to Develop Rødovre Port

Goldman Sachs Merchant Banking Division is investing into a new housing project in Rødovre Port, which has been developed by Gefion Group over the past two years. Rødovre Port is a 37,500 sq m residential and commercial project at Rødovre Station. Construction has already started and will bring 534 new affordable priced rental apartments, 4,300 sqm of shops, 700 bicycle parking spaces and 200 parking spaces to Rødovre. It will be a brand-new urban area, housing up to 1,000 residents in newly constructed 1-5 room apartments.

Several thousand people already have their daily commute via Rødovre Station, which is only a 12-minute train ride from Copenhagen Central Station. Rødovre Port will become a popular area with its own walking street complete with supermarket, cozy cafés, and shops. The area will get bright facades containing housing of various kinds, including student housing and housing for singles, couples, and families with children.

The homes will be a mix of one and two floor apartments with outdoor terraces and balconies. With its three 14-, 16- and 19-storey towers, Rødovre Port will be Rødovre's new landmark. The towers will be slender at the top and wider on the lower floors next to the walking street.

The area has lots of greenery with landscaping that creates shelter and a pleasant recreation area at street level. The project was designed by Arkitema Architects. During the development of the project a great emphasis was placed on creating a new neighborhood with attractive housing in a distinctive and exciting architectural design. The commercial area ties the urban space together, making it a good place to live in a safe and beautiful environment.

“We are very proud that Goldman Sachs has chosen to invest in the development of Rødovre Port. It is a recognition of the project's qualities and the development work of our talented employees over the last 2 years. Rødovre Port is a very well thought out project, and it has been exciting to collaborate with both Rødovre Municipality and Arkitema Architects on the development of this attractive new area” said Thomas Færch, CEO, Gefion Group.

“We are pleased to partner with Gefion on this exciting project. We believe this investment will benefit both the local communities of Rødovre and Copenhagen, delivering new-built apartments for students, young professionals and families at affordable rent levels” said Nabil Aquedim, Executive Director at Goldman Sachs.

Rødovre Port is expected to be completed in 2023.

---

Facts about Rødovre Port

• Investors: Goldman Sachs and Gefion Group

• Architect: Arkitema Achitects

• General contractor: CG Jensen

• Size: 37,500 m2

• 20 multipurpose retail spaces, from 50 - 300m2

• 1 grocery store, 1,200 - 1,900 m2

• Office space: 1,000 m2

• 534 apartments

o 126 1-room studio apartments