Banehaverne is a high-quality residential development completed last year, comprising 667 homes across six buildings. It offers a mix of apartments and townhouses designed to appeal to a broad tenant base, with amenities appealing to both families as well as young professionals. Located between Glostrup and Brøndby, the scheme benefits from strong transport links into central Copenhagen and easy access to surrounding green space. It has been designed with a focus on energy efficiency, including solar panels and EV chargers, and is DGNB Gold certified with an EPC A rating.

The Danish capital region is seeing strong rental momentum, supported by limited new supply, steady population growth and falling vacancy. These fundamentals continue to underpin demand and support stable rental income.

M&G Real Estate is a leading global real estate platform with EUR 39 billion assets under management, providing clients with access to investment strategies across the full risk and return spectrum. It is part of M&G’s EUR 93 billion private markets business. The M&G European Property Fund is approaching a 20-year track record and has completed or agreed EUR 1.6 billion of purchases in the last nine months, investing in a range of well-located assets in major European cities. The team continues to target places where demand, limited supply and strong sustainability credentials can help create lasting value for institutional investors globally.

“This is a rare opportunity to acquire a high-quality residential asset at scale in one of Europe’s most attractive and supply-constrained city regions. It also shows the benefit of having a fund of real scale, with the capital to invest in large, best-in-class assets hen the right opportunities arise. Copenhagen has the characteristics we look for: strong demand for rental homes, limited new supply and a clear focus on sustainability. The deal takes the Fund’s living exposure above 25 percent and builds on more than EUR 650 million of residential purchases completed or agreed across Europe over the past six months,” says Simon Ellis, Manager of the M&G European Property Fund at M&G Real Estate.

“Banehaverne is exactly the kind of high-quality, sustainable residential asset we want to add to our Nordics portfolio. Greater Copenhagen has a shortage of new rental homes, which makes this an attractive market for long-term investors. Across the region, M&G Real Estate now manages over EUR 1billion in logistics, living, retail and office assets, giving the Fund a broad presence in the Nordics and taking its exposure to these countries to around 18 percent,” says Robert Göthe, Head of Nordics at M&G Real Estate.