ALFA sells 164 newly constructed units in Herlev to AXA IM Alts
ALFA Development has developed and built Den Grønne Fatning in Herlev; 27.000 sqm divided into 164 rental residences, 45 youth housing residences and 37 owner-occupied residences. Den Grønne Fatning is named after the incandescent lamp factory which was located on the site until 1988.
After two years in own portfolio, ALFA has sold the popular rental residences to AXA IM Alts, which will take over the property on June, 1 2021. Cushman & Wakefield | RED have advised ALFA in the sale process.
"We are very proud of the sale of another in-house developed residential rental property to AXA IM Alts. Again, I have to highlight our strong organisation, which has contributed to the success, and underline that we have the competencies to manage the entire value chain. Our core business is development for the private market but this year's three investor sales are indicative of a business area that we would like to build on in the future as a supplement to the development and sale of owner-occupied housing," says CEO in ALFA Development, Jan Kristensen.
Popular homes in green surroundings
In 2016, ALFA acquired the first plot at Hørkær in Herlev and after the acquisition of the adjacent land in 2017, construction began. The construction was completed in 2019. In collaboration with Mangor and Nagel, ALFA has developed Den Grønne Fatning with the charming inner Copenhagen districts in mind. The four buildings are designed in different heights, materials and surfaces as a patchwork enclosing the green courtyard. A unique architectural twist is the very special city gardens at first floor level, which connect the various buildings and create a sense of community among the residents.
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