The properties are spread over more than 900 residential tenancies with an average size of approximately 75 sqm, all of which will be DGNB ("German Sustainable Building Council") certified and are expected to be completed during 2022.

"We are pleased to partner with Rubik Properties and partner with Birch Ejendomme to provide newly built, environmentally friendly homes with affordable rents that will benefit local communities," said Nabil Aquedim, Executive Director of Goldman Sachs.

"We are grateful for the trust from Goldman Sachs and look forward to initiating a partnership with this future acquisition of a housing portfolio defined by DGNB-certified housing projects located in regional growth cities, as well as appreciating the trust-based and professional collaboration with Birch Ejendomme," says Jacob Smergel-Krog, CEO of Rubik Properties.

"At Birch Ejendomme, we are very pleased to expand our circle of professional investors with such a reputable and international investor as Goldman Sachs with this transaction. It is a result of the fantastic journey that we at Birch Ejendomme have and are on. This supports our ambition to deliver leased sustainable quality buildings to the housing market in Danish growth cities. We are pleased with the professional collaboration we have had with Goldman Sachs and Rubik Properties on this transaction, and look forward to delivering a total of seven properties over the coming years,” says Thomas Bertelsen, Partner at Birch Ejendomme.