Munich, September 30 2020
The residential project on Søndre Ringvej 27 is part of the new Kirkebjerg area in Brøndby, where CASA is already developing the property at Søndre Ringvej 33. Kirkebjerg will be Brøndby’s new, vibrant neighborhood with apartments, terraced houses and green areas.
The 37,440 sqm on Søndre Ringvej 27 is situated only a few minutes’ walk from Glostrup station and the new light rail, which will open in 2025. The project totals 463 homes in four blocks as well as a parking garage with room for most cars, so space is left for several green areas. The apartments will all have a balcony or patio and will vary in size from 2-5 rooms (60-107 sqm).
The property is acquired on a forward funding basis from CASA, who will also be the general contractor. Construction of the property starts in November 2020 with delivery of the turnkey project expected by early 2023.
”This project provides a nice addition to BVK’s residential real estate portfolio and we are looking forward to continue our good relationship with BVK, Universal Investment and CASA working on this outstanding residential project,” comments Robert Feldt, Investment Director at CapMan Real Estate.
From grey industry to green residences
In the coming years, Kirkebjerg will be transformed from an industry area to a vibrant neighborhood with up to 2,000 new homes. The first homes are expected to be ready in 2021. Large, green areas are to be used for outdoor recreational areas for future residents and neighbors.
The four new blocks on Søndre Ringvej 27 will furthermore be built according to DGNB Gold standards to enhance the green footprint. The 463 apartments have been designed by Arkitema Architects.
”We are grateful for the cooperation we have with CapMan Real Estate, BVK and Brøndby Municipality on the development of Kirkebjerg. The transformation from grey industry to green residences couldn’t be closer to our hearts in CASA, which makes us even prouder to be developing and constructing this project”, says CEO at CASA A/S, Torben Modvig.
CapMan Real Estate’s Nordic organization includes more than 40 committed real estate investment professionals, managing over €2.8 billion in real estate investments.
CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, wealth management, and analysis, reporting and back office services. Altogether, CapMan employs around 150 people in Helsinki, Stockholm, Copenhagen, London and Luxembourg. We are a public company listed on Nasdaq Helsinki since 2001 and a signatory of the UN Principles for Responsible Investment (PRI) since 2012. Read more at www.capman.com .
About Bayerische Versorgungskammer
Bayerische Versorgungskammer is the competence and service center for occupational and communal pension schemes and Germany´s largest pension scheme group under public law. As a public authority of the Bavarian Ministry of the Interior, it is the joint executive body of twelve liberal professions´ and communal pension schemes. Bayerische Versorgungskammer covers about 2.4 million insured persons in total, with contributions of € 5.0 billion and about € 3.6 billion pension payments annually. It currently has € 81.7 billion assets under management and more than 1,350 employees.
About CASA A/S
CASA was founded in 2006 and has grown to be one of Denmark’s leading property developer and general contractors. 60% of the company was sold in 2016 to the Danish private equity fund CataCap. More than 15% of CASA is owned by the employees, who are dedicated to developing the company they are a part of. With an annual turnover of 2.5 billion DKK, an average growth rate at 23% and projects all over Denmark within property development, construction and renovation, CASA is now amongst the largest developers and contractors in Denmark. The company has a green profile with an ambition of at least 80% of all new construction being certified sustainable by 2021. www.casa-as.dk