Sweden-based real estate investor M2 Asset Management has entered the Copenhagen market by acquiring 99 residential units and 56 parking spaces from Patrizia with prime location in the inner city of Copenhagen.
”M2 Asset Management has acquired 99 commonhold residential units with a combined GLA of 8,200 sq.m. spread across two adjacent properties and 9 stories along with 56 parking spaces,” said Catella in a press release.
The asset is located in the heart of Copenhagen, in Frederiksstaden, within the triangle between the Royal Palace, the Kings Garden and the Kings Square – the most exclusive and attractive residential area in all of Copenhagen.
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The properties were erected between 1943 – 1956 and designed by the critically acclaimed Danish architects Kay Fisker, C.F. Møller and Eske Kristensen in classical Copenhagen style with red bricks and red-tiled roof. The buildings are considered landmarks in the Copenhagen landscape and listed as worthy of preservation.
M2 Asset Management was represented by Catella Investment Management A / S, which will also act as a local operating partner.