Le mie ricette per la real estate communityPATRIZIA AG, a leading partner for global real assets, has on behalf of its institutional clients invested in a large EUR 314 million student accommodation portfolio in Denmark. The acquisition was made from the pan-European private equity real estate investor Deutsche Finance International (“DFI”).
The 40,500 sq m portfolio consists of purpose-built student accommodation (PBSA) assets in Copenhagen and Aarhus, comprising a total of 1,186 units, and additional commercial space of around 3,800 sq m, of which the vast majority is fully let.
All seven assets in the portfolio, which operate under the Blaekhus brand, are newly built or under development with the majority of them set to be completed in 2022. Each benefit from a strong micro location, giving residents easy access to universities and local amenities. Units are self-contained with a modern fit-out suitable for student living. Each property offers health and wellness-focused amenities such as communal kitchens, yoga studios and study rooms, as well as dedicated social spaces in the form of common rooms, cafes and games rooms.
Six of the properties are located in central Copenhagen, each within walking distance of a Metro Line or S-train station, offering a fast and direct route to the city’s leading educational institutions, including Copenhagen University, Copenhagen Business School, Copenhagen College and Aalborg University. The seventh asset is located in Aarhus, Denmark’s second largest city, within walking distance to a tram line that will take residents to the city centre within 15 minutes.
Source : Company