Completed in late 2022, the property comprises two residential blocks featuring 215 apartments. Mekanikken is situated approximately ten kilometers west of Copenhagen's city center.

"We believe increased occupier demand and rising rents in central Copenhagen has made surrounding areas such as Brøndby, increasingly attractive places to live. This is complemented by family-friendly environments, vibrant communities, and excellent connectivity to the city centre. This acquisition demonstrates DWS's continued dedication to expanding its portfolio with high-quality, sustainable properties in strategic locations across Europe", says Ulrich Steinmetz, Head of Real Estate Transactions, Europe at DWS.

“The performance of Mekanikken has been a great success story. The asset has showcased strong rental growth as result of solid underlying market fundamentals and a carefully designed letting strategy, demonstrated by its high occupancy rate and units now let at a significant premium to our business plan.  "In recent years, Kirkebjerg, has undergone an extensive regenerative transformation as a rapidly developing business and residential district in Brøndby, and is now established as a dynamic and vibrant neighbourhood", says Victoria Yakubenko, Executive Director for Asset Management at Tristan Capital Partners.

"We are humbled to have been allowed to take part in the redevelopment of this former light industrial area to a modern, attractive and affordable residential neighborhood. Our conviction that this location, close to the intersection between the S-train and the light rail in Greater Copenhagen, would attract strong interest from tenants has proven to be correct, and has allowed the net operating income to outperform the original target by 7% 18 months sooner than planned", says Morten Schultz, CEO at Keystone Investment Management.

CBRE and Accura have acted for the sellers.