Marmormolen is located in the heart of Nordhavn, Copenhagen, and was built in 2016. The property consists of six buildings with 128 apartments and four commercial leases, totalling 13,969 sqm. The apartments have two to four rooms, range from 76 to 150 sqm, and feature large windows and views of the water.

"Danish residential properties are a key focus area for us, and Marmormolen is a good example of the type of property we want to own: well-managed, well-located and with long-term value," says Rikard Henriksson, Head of Real Estate at Niam Group.

"Marmormolen is one of the most attractive residential properties in Copenhagen, and this type of property rarely comes onto the market. We are very pleased with the acquisition, which fits perfectly with our strategy of owning quality homes that we can continue to develop," says Jacob de Lichtenberg, Country Manager Denmark at Niam Group.

“We appreciate the trust Niam has placed in us and look forward to taking on the asset management responsibility for the residential properties at Marmormolen. We look forward to actively contributing to the continued development and value creation of the property,” says Jacob Smergel-Krog, CEO and Founding Partner at Rubik Properties.

The transaction was carried out in collaboration with Rubik Properties, which will also assist with active management during Niam Real Estate's ownership period.