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Bryggens Bastion, Islands Brygge

Bach Gruppen sells construction project to foreign real estate investor

 

Case

Bach Gruppen sells construction project to foreign real estate investor

Bach Gruppen has sold the construction project “Campus”, which is a part of Bryggens Bastion on Islands Brygge in Copenhagen, for DKK 740m to a fund managed by one of the world’s largest real estate investors Nuveen Real Estate. Bach Gruppen is in charge of the development of Bryggens Bastion, and the company has worked on the project for several years.

“Campus” comprises a total of 16,500 m2, and the construction project will include 390 student homes across seven floors. The location of the property directly opposite the University of Copenhagen’s South Campus makes it an important youth housing project. The property will also include a cafĂ© and a day care centre. “Campus” is expected to be completed in the second half of 2022.

“Campus” is part of a large plan for the area and is the sixth of a total of ten buildings on Bryggens Bastion. When Bryggens Bastion has been fully developed, it will consist of a 125,000 m2 residential and business area.

The investment in “Campus” is Nuveen Real Estate’s first investment in Denmark. Nuveen Real Estate manages approx. DKK 850bn worldwide.

Accura advised Bach Gruppen in connection with the sale of “Campus”.