Patrizia has paid €314m (£262m) for a student housing portfolio, in the biggest deal in Denmark to date.
The German fund manager has bought seven properties with 1,186 student beds across 436,000 sq ft from Deutsche Finance International.
Six properties are located in central Copenhagen, with a seventh in Aarhus, Denmark’s second-largest city.
The portfolio operates under the Blaekhus brand and all homes are recently built or under development, with the majority set to complete next year.
The deal, dubbed Project Valhalla, brings Patrizia’s European student investment to €435m in one year.
Louise Hertz, country manager for Denmark at Patrizia, said: “The market is experiencing acute undersupply, particularly of purpose-built accommodation, and is highly fragmented, increasing the value of high-quality, branded portfolios with strong local amenities and transport links.”
Patrizia was advised by Colliers, KHR Project Management, Bruun & Hjejle, Rubik Properties and EY. DFI was advised by Eastdil Secured, Accura and Deloitte.
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