Europa Capital, with Keystone Investment Management as partner, purchases five buildings, of which two are completed and the other three will be constructed in 2016-2017.

Nordic Property News estimates that the deal is worth approximately DKK 1 billion (€135M).

“We are very happy with our first Danish investment and are interested in increasing our allocation in Copenhagen. The rental market in the city is strong and the location in Valby is good, with good access to the city center” says Hugo Black, Director at Europa Capital.

“The divestment of 362 apartments testifies to the continued strong international investment interest in newly built apartments in Copenhagen, that are constructed by professional developers with high credibility” says the seller’s adviser Bo Stevnss at RED Property Advisers.

The two buildings that are finished are former factory buildings that have been reconstructed to modern apartment houses.

Europa Capital, founded in London in 1995 is owned by Rockefeller Group International (RGI), a subsidiary of Mitsubishi Estate Co.