Post by AMWatch

M&G Real Estate has acquired a large residential property scheme in Greater Copenhagen valued in excess of EUR 250m. The deal marks the entry in to the Danish residential market of the EUR 5.2bn AUM M&G European Property Fund, which targets high-quality assets in competitive European markets and is upping its exposure to the living sector. Robert Göthe, head of Nordics at M&G Real Estate, says the Banehaverne development is ”exactly the kind of high-quality, sustainable residential asset” that the firm is seeking to add to its Nordic portfolio. ”Greater Copenhagen has a shortage of new rental homes, which makes this an attractive market for long-term investors,” he adds. ”Across the region, M&G Real Estate now manages over EUR 1bn in logistics, living, retail and office assets, giving the Fund a broad presence in the Nordics and taking its exposure to these countries to around 18%.” The scheme was completed last year by the three sellers, Urban Partners, Nordea Pension Ejendomme and AG Gruppen. #realestate #privatemarkets #investment #nordics #danmark #assetmanagement #funds #finance https://lnkd.in/eCFghPYE