Student residential joint-venture program focused on the core Danish cities of Copenhagen, Aarhus and Odense.
Joint-venture (“JV”) with local asset manager to assemble a student residential platform in Denmark capitalizing on the market’s compelling fundamentals: high quality universities, fragmented ownership, rising student numbers and widespread under-supply of purpose-built accommodation.
Seed Asset for JV acquired in June 2018 offering 228 studio units across 7,387 sqm, with 342 sqm of common area / amenity space for students. The asset is located in Valby, an up-and-coming middle-class residential location in central Copenhagen. The asset benefits from excellent access to public transportation and is within a 20-minute bike ride to four university campuses. The asset will be branded “Blaekhus” as part of newly formed student brand for the Danish market.