06. Februar 2012 
Print
Print
Saxo Properties and Resolution Property invest remaining funds by summer 2012
Since entering a Joint Venture in August, 2011, Saxo Properties A/S and Resolution Real Estate Advisers LLP has co-invested 850 million DKK of the targeted 1.9 billion DKK in properties in the central business district of Copenhagen as well as Frederiksberg and Østerbro, west and north of the city centre, respectively.
Saxo Properties and Resolution Property expect to invest an additional 125 million DKK in the newly purchased properties, already acquired by a variety of institutions, pension funds and individuals. The venture is targeting residential and mixed use, residential and commercial buildings which will benefit from the application of intensive asset management, including refurbishment and the repositioning of occupiers.
Jesper Damborg, Chief Executive of Saxo Properties, said: “The Joint Venture with Resolution Property has not only been fruitful, achieving good returns, but has also been a great learning experience. We are already looking at more investments, and expect that we will be ready to invest the remaining funds by summer 2012.”
Saxo Properties and Resolution Property expect to invest an additional 125 million DKK in the newly purchased properties, already acquired by a variety of institutions, pension funds and individuals. The venture is targeting residential and mixed use, residential and commercial buildings which will benefit from the application of intensive asset management, including refurbishment and the repositioning of occupiers.
Jesper Damborg, Chief Executive of Saxo Properties, said: “The Joint Venture with Resolution Property has not only been fruitful, achieving good returns, but has also been a great learning experience. We are already looking at more investments, and expect that we will be ready to invest the remaining funds by summer 2012.”
