KFI sells part of the well-known Domus Vista property in Frederiksberg to develop 127 youth housing units

ApS KFI-Domus owned by KFI Erhvervsdrivende Fond has sold the first floor of 6300 sqm of the distinctive Domus Vista property in Frederiksberg, Denmark.

The first floor was previously used as an old people's home. The purchaser is TK Development which will develop and construct 127 youth housing units on the first floor of the centre. KFI, which still owns the ground floor of the centre, will develop the areas designated for commercial use on the ground floor where attractive and modern commercial units will be established at the same time as the remodelling of the first floor of the property.

The building permits necessary for both development projects are in place and the construction will consequently start in a few weeks and is expected to be completed in 2018.

The sale and the development project have been planned in close dialogue and following negotiations with the owner of the Domus Vista tower block which is a part of the owners' association.

Plesner has assisted KFI with the sale to TK Development and the negotiations with the owners of the tower block, PKA and Pensam.

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