Plesner advises Nuveen Real Estate on its first investment in Denmark

Nuveen Real Estate has entered into an agreement with Bach Gruppen for the purchase of a project of approximately 15,000 sqm comprising 390 flats suitable for students, a fitness centre and a café located in the area called Bryggens Bastion close to Islands Brygge in Copenhagen. The project is under construction and is expected to be completed during the second half of 2022. The development will also comprise a day-care centre for the municipality of Copenhagen and an underground car park.

The seller of the project is Bach Gruppen, which is developing approximately 125,000 sqm residential and non-residential properties at Bryggens Bastion. The project in question is Bach Gruppen's sixth project at Bryggens Bastion. 

Nuveen Real Estate is the fifth-largest property investor in the world with more than 2,000 investments worldwide and more than USD 125 billion of property assets under management.

Plesner advised Nuveen Real Estate on the transaction. Plesner's team consisted of Mads Berg, Jef Nymand Hounsgaard, Anders Endicott Pedersen, Nils Svendsen and Lasse Stjernholm Detlevsen.

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