LaSalle fund invests in Danish residential property market

LaSalle fund invests in Danish residential property market

LaSalle Investment Management has acquired a prime new-build residential property in Copenhagen on behalf of its open-ended pan-European LaSalle E-Regi fund.

The property is located on H.C. Orsteds Vej in a vibrant residential area of Frederiksberg, in central Copenhagen.

LaSalle said the location provides excellent public transport access with a bus stop directly in front of the property and a metro station less than five minutes’ walk.

It benefits from close amenities, such as Frederiksberg High Street, as well as the pedestrianised District of Copenhagen and recreational and green areas such as The Lakes and the “Assistens Cemetery” park. Additionally, the Forum, which hosts many concerts and art exhibitions, as well as both Copenhagen University and Copenhagen Business School are located nearby.

Built in 2019, the asset currently operates with very low carbon emissions and boasts an exceptional energy efficiency rating, which is supported by rooftop solar panelling.

The building comprises over 3,800m² with 24 high-quality residential apartments which range from one to six rooms and a ground-floor commercial unit which is currently let to leading Danish grocery store chain Netto. The property also holds 40 parking spaces.

Uwe Rempis, Managing Director and Fund Manager of LaSalle E-REGI, commented: “This acquisition marks a key milestone in the Fund’s strategy to further diversify its country and asset allocation by adding its first Danish residential property. The asset’s location, combined with its strong sustainability credentials and the robust demand for residential space in central Copenhagen, is projected to drive strong long-term rental income.”

Jerome Hamelin, Head of Transactions Western Continental Europe at LaSalle, added: “The asset is characterised by its strong fundamentals in a central urban location with excellent connectivity and amenities. In addition to being a high quality, resilient asset in a highly sought-after residential area, it also supports the Fund’s ESG strategy with its state-of-the-art energy efficiency characteristics.”