Danish pension company Sampension has made further property investments in the Lyngby municipality, bringing the overall value of its real estate investments in the region to around DKK 1.2bn.

The investment was made in collaboration with K Properties, with whom the pension company has made several property investments with.

This latest investment is the parties’ third joint real estate investment via the fund Kristensen Partners VII.

The seller of the property is a joint owner between Danica Ejendomme A/S, which owned 75 per cent, and Velliv Ejendomme A/S, which owned the remaining 25 per cent.

The property at Nymøllevej 85 in Lyngby is currently partly used for housing Ukrainian refugees, but in the long term is expected to hold development opportunities.

"Initially, our focus will naturally be on ensuring optimal conditions for the Ukrainian refugees, as long as there is a need for them to live in the property,” commented Sampension head of properties and infrastructure, Torbjørn Lange.

“Along the way, we will investigate the optimal future development plan for the property.

“The area is developing well these years. So there are also other development opportunities that need to be investigated so that we can optimize the return on investment for our customers.”

Development, operation and administration of the property will be handled by K Properties.

Commenting on the investment, K Properties senior asset manager, Klaus Ulrik Malmstrøm-Østerballe, said: "It will be a major development task that we are looking forward to getting started on.”

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