Blackrock acquires residential real estate in northern Copenhagen suburb

The US asset manager buys 67 newly built rental properties in the northern fringe of Metropolitan Copenhagen.

Photo: PR / Elf Development

US-based asset management giant Blackrock has now taken over 67 newly constructed rental properties in Lyngby, Eastern Denmark, for real estate unit Blackrock Real Assets, writes seller Elf Development in a press statement.

"This transaction is in line with our growth strategy for real estate in the Nordic region and bears witness to our engagement in both the Nordic Real Estate market and within sustainable investing across asset classes," writes Blackrock Head of Real Estate Investments Nordics Anton Friling in the media release.

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