The seller, Heimstaden Investment AB, is a wholly owned subsidiary of Heimstaden AB, a pan-European investment and asset manager within real estate with a strong track record in the Danish residential market. Heimstaden AB will remain responsible for the project’s construction, which is well under way and scheduled for completion in April 2027.The acquisition was undertaken in partnership with Rubik Properties, a highly experienced local operator with deep market knowledge and strong institutional track record. Together, Tishman Speyer and Rubik Properties will manage leasing strategies and asset management services.

This transaction represents Tishman Speyer’s fifth acquisition on behalf of a German pension fund focused on newly built core residential investments and active asset management in select European tier-1 and tier-2 cities. It also marks the fund’s inaugural investment outside of Germany and an important step in Tishman Speyer’s strategic expansion into the Nordic region.

“The project expands our dedicated residential mandate into the Nordics, a market with strong demographics and sustained demand for high-quality rental housing,” said Tishman Speyer Managing Director Nils Skornicka. “This acquisition underscores our conviction in the European living sector and the depth of our residential platform.” 

With a metropolitan population exceeding two million, Greater Copenhagen has demonstrated sustained population and employment growth over the past decade, supporting increased demand for high-quality rental housing. The project is located in Rødovre, immediately west of central Copenhagen, within the emerging Gartnerbyen district, a former commercial site that is being transformed into a vibrant, mixed-use urban neighbourhood. The Copenhagen residential market is characterized by limited new supply, low vacancy, and consistent rental growth, with the project among the final residential developments within a structurally undersupplied submarket.  

The development comprises 186 units averaging approximately 91 sqm, with a two- to four-room unit mix oriented toward family and professional households. A central, landscaped courtyard enhances natural light, privacy, and operational efficiency while providing shared outdoor space. 

The project benefits from exceptional connectivity, with excellent access to public transportation in close proximity including bus, metro, light rail, and train networks, as well as major road links, facilitating efficient commutes to central Copenhagen and surrounding areas. The location also supports sustainable mobility, with strong bicycle infrastructure and integration with public transport options to minimize last-mile travel.

The buyer's advisors were Rubik Properties, Bruun Hjejle, NIRAS, PWC, home, Realkredit Danmark. The seller's advisor was Gorrissen Federspiel.