The project, comprising 27,500 sqm, is located in Odense, Denmark’s third largest city, with close proximity to nature, water, and schools as well as various transport links to the city center. The project will receive a “DGNB Gold” certification and once completed, be part of a new attractive 45,000 sqm residential area.

“We continue to focus on sustainable real estate that satisfies the everyday needs of our tenants. We are pleased to work with MT Højgaard on this project, where the ambition is to offer sustainable high quality, yet affordable homes for everyone,” says Michael Berthelsen, Country Manager at Niam.

Construction is expected to start in September 2021 by MT Højgaard Danmark and Raunstrup (part of Enemærke & Petersen group), with final phase completed in Q1 2024.  

”We are looking forward to cooperate with Niam and create an attractive new residential area with a variety of apartments while preserving the unique history and soul in the area of Denmark’s oldest paper mill. It is an exciting project that lets us draw on competencies across the MT Højgaard Holding Group to transform a former industrial area into a new, diverse residential quarter,” says Finn Mortensen, Project Development Director at MT Højgaard Projektudvikling.

With this latest acquisition, Niam’s presence in the Danish residential market continues to grow and the portfolio now consists of approximately 1,400 units.