CapMan Real Estate has signed a forward purchase agreement to acquire a residential development project in Glostrup, Greater Copenhagen, from Danske Shoppingcentre, which includes 137 units aimed at enhancing the city's modern living environment by 2027.

Overview of the Target

CapMan Nordic Real Estate III Fund (CMNRE III) has entered into a forward purchase agreement to acquire a residential development project located in Glostrup, Greater Copenhagen, from Danske Shoppingcentre (DSC). The project is set to feature 137 residential units developed collaboratively by DSC in partnership with Raundahl & Moesby, and designed by PLH Arkitekter. Upon completion, these modern units will not only provide quality living spaces but will also be strategically situated in a vibrant area known for its excellent shopping, dining options, and accessibility to Copenhagen's city center.

The development encompasses a total area of 10,647 m2, which will include additional amenities such as a new grocery store, outdoor dining eateries, and an inviting facade facing Glostrup station. This transformation comes in conjunction with the larger modernization efforts of the Glostrup Shoppingcenter, which aims to revitalize the city center and enhance it with modern urban features. The construction process, overseen by Raundahl & Moesby, is projected to be completed by the end of 2027, with the project aiming for DGNB Gold certification and adherence to EU taxonomy standards.

Industry Overview in Denmark

The residential development sector in Denmark has seen a notable transformation over the past few years, driven by urbanization and a growing demand for modern living spaces. With Copenhagen consistently ranking high for quality of life, areas like Glos