Europa and Keystone sell fourth PRS building in Copenhagen

Europa Capital and Keystone Investment Management have completed on the sale of a block comprising 66 newly-built residential units in the Copenhagen suburb of Valby to Formuepleje Ejendomme.

'Throughout our commitment to this investment, we have seen the suburb of Valby mature and attract a growing demand from residents,' said Hugo Black of Europa Capital.

'We will continue supporting this trend through active management on our remaining Valby assets held across Europa Funds IV & V.'

In September 2015, Europa Capital made a commitment to purchase 367 residential units across five buildings in Copenhagen from DFE.

Sales of four of the five buildings have now been achieved, with respective completions taking place in June 2017, February 2018, and this most recent in March 2018.


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