Niam acquires large-scale residential project in Odense, Denmark

Development project Dalum Papirfabrik

Niam has acquired a residential development project, located on a former industrial plot, where the historical Dalum paper mill resided. The project was acquired from the Danish full-service contractor MT Højgaard and will deliver 301 apartments in the coming years.

The project, comprising 27,500 sqm, is located in Odense, Denmark’s third largest city, with close proximity to nature, water, and schools as well as various transport links to the city center. The project will receive a “DGNB Gold” certification and once completed, be part of a new attractive 45,000 sqm residential area.

Michael Berthelsen, Country Manager, says, “We continue to focus on sustainable real estate that satisfies the everyday needs of our tenants. We are pleased to work with MT Højgaard on this project, where the ambition is to offer sustainable high quality, yet affordable homes for everyone.”

Construction is expected to start in September 2021 by MT Højgaard Danmark and Raunstrup (part of Enemærke & Petersen group), with final phase completed in Q1 2024.  

Finn Mortensen, Project Development Director at MT Højgaard Projektudvikling, says, ”We are looking forward to cooperate with Niam and create an attractive new residential area with a variety of apartments while preserving the unique history and soul in the area of Denmark’s oldest paper mill. It is an exciting project that lets us draw on competencies across the MT Højgaard Holding Group to transform a former industrial area into a new, diverse residential quarter.”

With this latest acquisition, Niam’s presence in the Danish residential market continues to grow and the portfolio now consists of approximately 1,400 units.

For more information, please contact:
Michael Berthelsen, Country Manager Denmark
+45 21 323 355, michael.berthelsen@niam.com 

For more information about Niam, please contact:
Rikard Henriksson, Managing Partner
+46 8 5175 85 63, rikard.henriksson@niam.com

Niam is one of the leading real estate private equity firm in Northern Europe with real estate assets under management of approximately €2.5 billion. We offer global institutions the opportunity to invest in the Nordic property markets. Niam was established in 1998 and has invested over €11.5 billion since inception. We have a fully integrated investment team of more than 80 dedicated real estate professionals with experience across all major asset classes. Niam is headquartered in Stockholm and has offices in Oslo, Helsinki, Copenhagen and Luxembourg. For more information, please visit www.niam.com.

Read more about DGNB here: The DGNB System