Newly built and fully let investment property in Brøndby for sale for DKK 87.5 million
The 365discount property at Park Allé 215-241 in Brøndby has been put up for sale. The 2,878 m² property combines residential and commercial space in one asset with a grocery store on the ground floor of more than 1,000 m² and 13 townhouses on the 1st-3rd floors totalling 1,850 m². The property is built in good and modern materials and has an energy label A2015. COOP Ejendomme built the property in 2024 and has since operated it but now wants to sell.
Peter Holten-Jensen, Property Development Manager at COOP Real Estate, says: “At COOP Real Estate we have a strategy to only have grocery stores in our property portfolio – not residential properties. Therefore, we have chosen to put the property on Park Allé in Brøndby up for sale. We built the property ourselves in 2024 and have since then been in charge of operations to document the property’s potential.”
“The property is fully let and appears to be an attractive investment. Partly because homes are still in high demand among investors, and partly because the price per square metre is at an attractive level compared to similar homes in the area. At the same time, the grocery store on the ground floor contributes with a long lease and a parent company guarantee, which ensures stable income,” says Peter Holten-Jensen.
Strong investor interest in newer properties
Michael Thodsen, partner at EDC Erhverv Poul Erik Bech Copenhagen, who is brokering the sale of the property, says: “We continue to experience strong investor interest in newer residential rental properties in and around Copenhagen. The combination of stable rental income and limited maintenance needs makes newer properties like this one an attractive investment case. Investors get an attractive combination of residential and retail in one asset, where the grocery store contributes with a stable cash flow.”
“At the same time, the residential part consists of modern townhouses of 136-156 m², which matches the demand we see in the market. Investors are increasingly demanding mixed-use properties, where you get multiple sources of income in the same asset while achieving good risk diversification. The combination of a strong grocery tenant with a long lease term and newer housing makes the property an interesting investment case,” says Michael Thodsen and continues:
“The location on Vestegnen is also not to complain about. The area around Park Allé is undergoing a positive development, and with the new light railway, short distance to Glostrup Station and easy access to the main road network, the location is attractive. This supports both the long-term rental security and the property’s attractiveness for both residential and commercial tenants.”
Peter Holten-Jensen concludes: “We chose EDC Erhverv Poul Erik Bech to handle the sale because we have a very good working relationship with them. They have helped us with similar cases in the past, and we look forward to once again benefiting from their insight and network in the industry.”