Goldman Sachs Asset Management and Rubik Properties has contracted to acquire another residential project from the developer Birch Ejendomme. The project is located in the regional city Slagelse in Zealand and represents approx. 11,700 sqm of total area, divided into 220 units in total of which 144 are smaller units at 39 sqm on average. The project is the parties’ first transaction concerning property on Zealand and will be DGNB certified. The project is scheduled for completion in 2023. The acquisition comes in continuation of Goldman Sachs’ and Rubik Properties’ recent acquisitions of approximately 1,475 residentiual units across 13 residential projects located in growth cities in Jutland and Zealand.

“We are pleased to once again be able to sign a transaction with Birch Ejendomme, that we have a good cooperation with. The city is new, but the task is the same, namely to deliver newly-built DGNB certified residential apartments at affordable rents. With the addition of Slagelse to our portfolio, we are significantly increasing our presence on Zealand,” says Henrik Ohlsen, Executive Director in the Real Estate business within Goldman Sachs Asset Management. 

“We are happy to expand our residential portfolio exposure – now also on Zealand - and are looking forward to adding further affordable residential units in growing regional cities across Denmark. The expansion of our cooperation with Birch Ejendomme also underlines the good cooperation we have built up with Birch Ejendomme,” says Jacob Smergel-Krog, CEO of Rubik Properties.

“We are very pleased to be expanding our close cooperation with Rubik Properties and Goldman Sachs - a professional, reputable and international investor once again. The project in Slagelse is an extension of our expanded geographical focus on delivering affordable sustainable quality buildings to the housing market in Danish growth cities, where we delivered our first property on Zealand in August,” says Thomas Bertelsen, Partner at Birch Ejendomme.

Goldman Sachs and Rubik Properties were advised by Brunn & Hjejle, KPMG, NIRAS and Colliers. Birch Ejendomme was advised by Accura.