The portfolio contains 16 properties, 500 apartments, with a combined leasable area of 68,000 sqm. The properties are located in Copenhagen, on Fredriksberg and in Gentofte.

 “It is primarily an apartment investment with a great development potential. It is a part of our strategy to invest more in city locations” says Michael Bruhn, CEO at PFA Ejendomme.

The initial yield amounts to 3,22 percent, but PFA believes that through modernizing the properties they can increase the rents and thereby increase the yield to approximately five percent.

Sadolin og Albæk has brokered the deal.