Barings, one of the world’s largest diversified real estate investment managers, announced it has acquired a 269-unit residential development project in Copenhagen, on behalf of a European value-add real estate strategy, from Catella. Catella, a leading specialist in property investments and residential developer in the Danish market, will retain a minority stake and act as development manager.

The 18,482 sq m GLA development on a brownfield site in Herlev, a north-west suburb of Copenhagen, already benefits from zoning in-place and a building permit. The scheme is designed to high ESG standards, targeting DGNB Gold certification, the highest possible EPC rating and WiredScore Platinum.

Read full press release here.