The construction of the residential units take place as part of a larger modernisation of the Glostrup Shoppingcenter driven by DSC. The carefully designed development will contribute to a complete renewal of the area and will consist of 137 new residential units spread over 10,647 m2, as well as a new grocery store, eateries with outdoor dining options and a new inviting facade facing Glostrup station. Copenhagen city centre can be reached from here in less than 20 minutes by car or train, making it an ideal location for commuting. Once the urban development, which is part of the renewal of Glostrup's city centre and station area, is developed, it will contribute to a more modern and inviting city centre.

"With this divestment, we secure an important element in DSC's extensive development project for Glostrup Shoppingcenter, which is being transformed from a local centre to a modern integrated urban centre in Glostrup with new attractive residential units, numerous retail options, and a new food hall when it is completed in 2027”, says Jesper Faurholdt, CEO of DSC.

“As a professional operator, CapMan is an optimal partner for us, not only as an investor in the residential project (which for strategic reasons DSC does not seek to be the long-term owner of), but also as a partner in the community that owns and operates an integrated urban multifunctional city centre, where the synergies of the functions are best achieved through a common interest in creating the best offers for residents and visitors," says Jesper Byrch, CDO of DSC, who also thanks Bruun & Hjejle and Nordanö, who as DSC's legal and commercial partners, respectively, have ensured a good and professional divestment process.

“We are pleased to be part of this project and receive the opportunity to invest in such a high-quality development at the heart of Glostrup in Greater Copenhagen. We’ve already gained a trust-based collaboration together with Danske Shoppingcentre and Raundahl & Moesby who has run a very a smooth and professional process and look forward to continue working with them going forward", comments Hasse Wulff, Head of Transactions at CapMan Real Estate Denmark.

The property will be DGNB Gold-certified, obtain energy performance certificate (EPC) A2020 and seek EU taxonomy alignment. The project will include 175 m2 solar panels which will produce approx. 38,000 kWh p.a.

The residential units will be constructed by renowned contractor Raundahl & Moesby during 2025-2027 with a final handover and transaction closing expected by end of 2027.

CapMan Real Estate manages approximately EUR 4.4 billion in real estate assets, with a team of over 80 professionals located in Helsinki, Stockholm, Copenhagen, Oslo, London and Jyväskylä. This is the 5th investment in Denmark for CMNRE III, a value-add fund investing mainly in Nordic office, logistics and selected residential assets.