Plesner advises Studentbostäder i Norden AB on the acquisition of a development project in Copenhagen
Plesner advised the Swedish listed property company Studentbostäder i Norden AB (publ) on the acquisition of a student housing project located at Englandsvej 51 in Copenhagen's Amager district at a value of DKK 344.5m. The student housing project is designed by Holscher Nordberg Architects A/S and comprises a housing complex with a varying number of floors consisting of 173 student apartment units.
The sellers - SEBC II ApS and Bonum Development ApS - are developers of the project and responsible for turn-key delivery of the project. Handover of the project is scheduled for December 2023 when Studentbostäder i Norden AB (publ) will acquire the property through a transaction.
The transaction emphasises Studentbostäder i Nordens AB's desire to set up in Denmark. Last year, the company entered into a contract of sale for another student housing project at Engvej in Kastrup which is being developed by Gefion Group A/S.
The transaction structuring and arrangement was led by Norwegian investment bank Pareto Securities AB.
Studentbostäder i Norden AB is a listed Swedish company buying, developing and operating high quality student housing in long-term partnerships with municipalities and universities, etc. The company's ambition is to become the leading student housing provider in the Nordics.