Swiss Life Asset Managers on behalf of “Swiss Life Real Estate Funds (LUX) S.A. SICAV-SIF – ESG European Thematic Income & Growth” (TIGR) has acquired a serviced apartment property. The property is located in Amager, within walking distance to the popular beach park and a short commute to Copenhagen city center and Copenhagen airport. When completed, the asset will be fully let to Movinn A/S and will comprise 95 units, as well as a wellness area, reception and shared workspace. AG Gruppen will continue their involvement in the project as the turnkey contractor.

The investment is based off a conviction that the serviced apartment market in Denmark is expected to continue its historical growth, with strong demand from both operators and end-users. Amager enjoys excellent connectivity and a strategic location, close to numerous corporate and leisure demand drivers including the city center, airport, major business districts, and research and educational institutions. It offers a high quality of life, with vibrant neighborhoods, green spaces, and a variety of recreational activities. Upon completion, the property is targeting EPC A2020 and DGNB Gold.

The acquisition supports the Fund’s strategy to build and actively manage a diversified European portfolio, guided by a thematic investment approach that targets buildings in locations expected to experience sustained occupational demand. Since its launch in 2019, the Fund has grown to a GAV exceeding €600 million and now comprises 14 properties across 8 countries. In recognition of its ESG performance, the Fund received a rating of 4 Green Stars in GRESB 2025.

“This acquisition provides compelling exposure to Copenhagen's living segment, which benefits from attractive fundamentals. The property's scale offers operational efficiencies in a fragmented serviced apartment market, and we're excited to support Movinn A/S's continued growth,” says Guillaume Lau, Portfolio Manager at Swiss Life Asset Managers UK.

Bjarke Windeløv Graae, CEO at AG Gruppen adds: "We are pleased to announce the commencement of construction for Movinn’s new serviced apartments nearby Amager Strand. We also extend our congratulations to Swiss Life Asset Managers on their acquisition of the project and would like to thank both Movinn and Swiss Life Asset Managers for an excellent collaboration.”