The residential project on Søndre Ringvej 27 is part of the new Kirkebjerg area in Brøndby, where Casa is already developing the property at Søndre Ringvej 33. Kirkebjerg will be Brøndby’s new, vibrant neighborhood with apartments, terraced houses and green areas.
The 37,440 sqm on Søndre Ringvej 27 is situated only a few minutes’ walk from Glostrup station and the new light rail, which will open in 2025. The project totals 463 homes in four blocks as well as a parking garage with room for most cars, so space is left for several green areas. The apartments will all have a balcony or patio and will vary in size from 2-5 rooms (60-107 sqm).
The property is acquired on a forward funding basis from Casa, who will also be the general contractor. Construction of the property starts in November 2020 with delivery of the turnkey project expected by early 2023.
”This project provides a nice addition to BVK’s residential real estate portfolio and we are looking forward to continue our good relationship with BVK, Universal Investment and Casa working on this outstanding residential project,” comments Robert Feldt, Investment Director at Capman Real Estate.
In the coming years, Kirkebjerg will be transformed from an industry area to a vibrant neighborhood with up to 2,000 new homes. The first homes are expected to be ready in 2021. Large, green areas are to be used for outdoor recreational areas for future residents and neighbors.
The four new blocks on Søndre Ringvej 27 will furthermore be built according to DGNB Gold standards to enhance the green footprint. The 463 apartments have been designed by Arkitema Architects.
”We are grateful for the cooperation we have with Capman Real Estate, BVK and Brøndby Municipality on the development of Kirkebjerg. The transformation from grey industry to green residences couldn’t be closer to our hearts in Casa, which makes us even prouder to be developing and constructing this project," says CEO at Casa, Torben Modvig.
Capman Real Estate’s Nordic organization includes more than 40 committed real estate investment professionals, managing over €2.8 billion in real estate investments.