AMWatch

Goldman Sachs invests in real estate developer's prestige project in Copenhagen suburb

After months of capital hunting, Gefion has succeeded in getting the US-based asset manager on board in its prestige project, Rødovre Port. Goldman Sachs may own the housing after completion, says the CEO of Gefion to EjendomsWatch.

Goldman Sachs is making its first Danish propertyinvestment in its own name by investing in Gefion's Rødovre port. | Photo: PR / Gefion

The large US investor Goldman Sachs has entered into a joint venture with Gefion Group over the project developer's prestige project, Rødovre Port, to the tune of DKK 1.5bn (EUR 200m).

For months, the Danish developer has tried to find capital for the project, which will become a new area of Rødovre municipality. The project encompasses 37,500 square meters and 534 living spaces for rent.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

PFA says three big changes will bring better returns

To get returns on the same level as other pension firms, PFA has made three big changes to its portfolio, including taking on more risk, says the firm, which doesn't fear a backlash from this year's predicted unsteady market.

Further reading

Related articles

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch