Residential portfolio of 72 terraced houses in Silkeborg sold for a low three-digit million sum
EDC Erhverv Poul Erik Bech has brokered the sale of a property portfolio, Gubsøtoften 1-91 in the Balle district of northern Silkeborg, which was built in 2019 and consists of 72 modern terraced houses ranging in size from 70 to 132 m2. The transaction between the seller, Selected Alternatives, managed by Selected Group, and the buyer, Formuepleje, was completed following a process characterised by positive and constructive dialogue.
Tonny Broberg, EDC Erhverv Poul Erik Bech, who brokered the sale of Gubsøtoften and advised the seller throughout the process, says: “Although major property transactions can often be complex, the sale of Gubsøtoften has been characterised by a constructive and positive atmosphere. As a commercial estate agent, it has been a pleasure to be part of this. There has been a good and constructive dialogue between Selected Group and Formuepleje, and both parties have entered the process with a genuine willingness to reach an agreement and secure a good deal for each other. It is a textbook example of how a professional yet informal collaboration can lead to a strong outcome for both parties.”
Efficient process and execution
Frederik Gundorph Olesen, CEO of Selected Group, expresses great satisfaction with the sale and the process: “First and foremost, we are naturally very pleased and happy with the deal. It is also worth highlighting the way in which the deal came about. The collaboration with both EDC Erhverv Poul Erik Bech and Formuepleje and their partners has been characterised by mutual respect and efficient execution. It has been a really good process from start to finish, where we quickly found common ground, which created a solid foundation for further negotiations, and that made it all the easier to reach a final agreement.”
Mikael Fogemann, Head of Property at Formuepleje, says: “With the purchase of Gubsøtoften, we are expanding one of our property funds with modern, high-quality housing that matches the demand we see in the market. For us, the location is truly attractive, and through our active management, the properties will generate good, stable returns for our investors. Silkeborg has developed into one of the country’s strongest housing markets, with significant population growth and persistently low vacancy rates. The combination of high population growth and attractive, well-designed terraced houses makes the investment interesting for us, and we are very pleased with the deal.”
Silkeborg: a truly attractive growth area
Henrik Frost Sørensen, partner and commercial director at EDC Erhverv Poul Erik Bech Aarhus, who also brokered the sale of Gubsøtoften, says of the area: “Silkeborg is a truly attractive growth area, and the municipality has seen a population growth of 13% over the past 10 years. This means they are in the top 10 in Denmark for areas with the highest population growth. By comparison, municipalities such as Copenhagen and Aarhus have seen growth of around 14%, so Silkeborg is truly an attractive area for many investors.” He continues:
“The property portfolio at Gubsøtoften 1-91 consists of 72 modern terraced houses built in 2019, comprising 16 two-storey houses and 56 single-storey houses. The modern terraced houses are characterised by light- e materials, functional floor plans and access to private terraces. The area has experienced significant growth in recent years and is now one of Silkeborg’s most sought-after residential areas for both families with children and senior citizens, so there is no doubt that Silkeborg is an attractive area for many investors.”