In 2018, Gefion Group bought the property at Oliebladsgade 8, which was built in 1941 and was originally an archive for Handelsbanken, which later became Amagerbank. The property has been empty for several years to the great annoyance of the nearby residents, and therefore created the joy that Gefion Group bought the property. The last two years have been spent developing a studio housing project for the property, and in January 2020 the City of Copenhagen granted a building permit to the project. Gefion Group has just sold the entire project after receiving an attractive purchase offer from a Danish investor who wants to carry out the studio housing project.

Gefion Group has developed 7 student housing projects in the Copenhagen area, and is now very experienced in developing student housing. The studio housing project on Oliebladsgade will be an attractive studio residential property with bright and modern studio apartments with their own kitchen and bathroom and shared lounge areas with double height to the ceiling with lovely light. The studio apartments have additional access to a larger roof terrace. Around the property, the plot is transformed into a cozy garden with garden furniture located on the grass areas with shade from larger trees facing the street space. In addition, parking for bicycles and cars will be established.

It is no coincidence that the property is being converted into studio apartments. Both the location to various educational institutions in Copenhagen as well as the proximity to metro station, cafe life, fitness, shopping and shopping are ideal for students. The property is just 300 meters to the nearest metro station and 100 meters to Amagerbrogade. The neighborhood around the property offers both the very beautiful Sundby Church and its associated parsonages as well as more stringent block buildings.

“Oliebladsgade 8 has been a really exciting project for us to develop into studio housing. It is not every day that you are allowed to develop a previous bank archive into something completely different. Funny enough, the property has proven to be exceptionally well suited for studio apartments, which, unlike so many other studio apartments, have the studio apartments on Oliebladsgade high ceilings and a large roof terrace with a beautiful view. We are also very pleased that we have received such an attractive purchase offer, so that we can both repay our bond loan and at the same time make a nice profit on the sale,” says Thomas Færch, CEO, Gefion Group.