Barings makes its first real estate investment in Denmark
Barings announced today that it has acquired a residential development project in Copenhagen, on behalf of a European value-add real estate strategy. The seller is Catella, who will retain a minority stake and act as development manager.
The project marks Barings’ entry into Denmark, having been active in the Nordics since 2010 where it currently manages EUR 970 million in real estate assets in various strategies. Barings Real Estate is part of Barings, a global asset manager with USD 442 billion in assets under management.
The acquired project consists of a 18 482 square meters GLA (Gross leasable area) development in Herlev, a north-west suburb of Copenhagen. The scheme is designed to high ESG standards, targeting DGNB Gold certification, the highest possible EPC rating and WiredScore Platinum. Construction is set to begin in Q3 2025, with the project expected to be finalised in phases by mid-2028.
“The Copenhagen area presents an opportune environment for residential development, with demand outweighing supply and this set to increase further. Entering the Danish market through a partnership with Catella, a highly regarded specialist with deep-rooted experience in Copenhagen’s residential sector, aligns well with our strategy of working alongside local experts to deliver high-quality, sustainable living spaces across Europe. We look forward to breaking ground on the scheme and bringing much needed homes to this dynamic and growing city,” says Andreas Norberg, managing director and head of Nordics at Barings Real Estate, in a comment.
Morten Gustafson, managing director at Catella Investment Management Denmark, added: “We are excited to join forces with Barings on its first real estate investment in Denmark. It will significantly enhance the project’s prospects. It also demonstrates how Catella generates value-add business opportunities across our entire platform.”
Photo: Barings
