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.
Plesner's team on the transaction consisted of Mads Berg og Simon Winther Bjerregaard.
