In November 2021, Hines acquired Mariendalsvej 55-57 in Copenhagen, Denmark on behalf of the Hines European Core Fund. Located in Frederiksberg, a thriving neighborhood in Copenhagen, Mariendalsvej 55-57 covers a total area of 13,901 square meters, consisting of two adjacent living properties to include 38 student housing units and 50 residential homes. In addition, the sites’ retail space of 166 square meters is leased by Food Family ApS.
Completed in 2019, Mariendalsvej 55-57 is located in an affluent residential area close to several higher education institutions, including Copenhagen Business School and the University of Copenhagen. Frederiksberg is well-known for its many parks and green areas and is a short walk to the metro, shopping, dining and cultural attractions. The location typically appeals to a younger demographic of discerning residents and individuals. In addition, the property is EPC A-rated and includes rooftop photovoltaic cells. The property was financed by a ‘green bond’ financing system.