The project is expected to be recognised in profit and transferred to the customer in the fourth quarter of 2021.

"Rental apartments account for an important part of our business and the sale in aligned with our strategy. The neighbourhood and the area are attractively located, close to the city centre," says Joachim Hallengren, President and CEO, Bonava.

In total, Bonava is planning 153 homes with different forms of tenure in the Trikotageparken project. Large green areas, transportation links, schools and other services are located nearby.

“Hines strives to be a world leader in sustainability, and the Lingerie Park is a prime example of high quality 'green' design. We welcome our first housing investment in Denmark, and look forward to seeing the project develop into a new, sustainable neighborhood. We are actively looking for similar projects, with an innovative and visionary approach to design and sustainability,” says James Robson, Managing Director of Hines Nordics Real Estate.

The transaction fee is non-disclosed.