Aviva Investors Real Estate France has acquired, on behalf of one of its clients, Vestre Teglgade 2, a residential property in Copenhagen from Danish pension fund PKA.
Delivered in 2017, the residential property offers circa 18,250 sqm of lettable space spread over a ground floor and 6 upper floors. It comprises 187 residential units with either private terraces or balconies and a parking basement. This high-quality building offers efficient layouts and an inner garden with bike shelters and other common utilities. The property is almost fully let and benefits from a grade A EPC.
The asset is located in the pleasant and central neighbourhood of Teglholmen, a peninsula in the southwest of Copenhagen, close to multiple convenience shops, a public school, a university and a popular swimming pier.
The property offers an excellent connectivity to the city center via bike, bus and train. In the future, the building will benefit from the construction of a new canal surrounding the property and from a new metro station already under construction.
Grégoire Bailly-Salins, Head of Transactions Europe at Aviva Investors Real Estate France comments: “Following the acquisition of both Farumgade 4-14 and Skelmosevej 6 earlier this year, Vestre Teglgade 2 strengthens our residential portfolio under management in Denmark. We firmly believe that the continuous redevelopment and infrastructure improvements of the South Harbor area, its direct vicinity to the historical city center and its popularity among families will benefit to our asset and make it a perfect addition to our current portfolio.”