Acquired from Jensen & Nielsen Gruppen A/S, which will be retained as development manager, Smedeland 28 will comprise 380 homes totalling 27, 000 sqm, nine retail units totalling 3,000 sqm, and 270 parking spaces, including EV charging. The scheme is designed to EPC A standards, and all units will feature balconies, modern appliances, and access to extensive green spaces and amenities. The development will also feature a supermarket on a 15-year lease of 1,700 sqm, positioning Smedeland 28 as a central hub within the regeneration area.

The development is situated at the heart of the Hersted masterplan, the largest urban regeneration project outside of Copenhagen, which is set to deliver 12,000 new homes and 24,000 residents by 2045. The asset benefits from a prime location adjacent to a new light rail station, which will provide direct connectivity to central Copenhagen.

Completion is scheduled in four stages between late 2027 and mid-2028. Barings’ forward commitment structure ensures that all building rights, zoning, and permits are in place, with the seller providing rental guarantee on the remaining commercial units.

Greater Copenhagen continues to demonstrate strong market fundamentals, underpinned by robust demographic trends and persistent undersupply. Prime rents in the region have risen by nearly 60% since 2012, with this positive trend expected to continue over the coming years.

Barings was advised by Gorrissen Federspiel (legal), while Colliers advised the vendor.

Andreas Norberg, Managing Director and Country Head Nordics at Barings Real Estate said: “Following our entry into the market earlier this year with the acquisition of a build-to-rent scheme, this transaction reflects our conviction in the strength of the Danish living sector. Smedeland 28 is located in Greater Copenhagen’s most dynamic regeneration area, boasting excellent connectivity, strong ESG credentials, and robust local demand which make it a compelling addition to our European residential portfolio.”

Gunther Deutsch, Managing Director, Head of European Transactions and Country Head Germany at Barings Real Estate, said: “This transaction demonstrates our ongoing commitment to sourcing high-quality residential opportunities in Europe’s most dynamic markets. We anticipate that 2025 will be our strongest residential investment year ever with approximately €1 billion invested into BTR, BTS and PBSA. 95% of this capital will be invested in joint ventures with developers  for new products.  We continue to have significant appetite and capital to deploy across Europe through a range of strategies and investment structures, including joint ventures with local developers.”

Thomas Linneberg, CEO, Jensen & Nielsen Gruppen A/S, said: “The project will meet the market demands focusing on affordable living in a high-quality standard for tenants. We have worked intensively to optimise the building design with our advisors and develop solutions that minimise energy consumption, collaborating with one of the global leading companies in energy efficiency for buildings. We look forward to and are honoured to work with Barings and further enhance the project, ensuring an attractive place for families to live, as well as to establish retail and shops.”

For Barings
Ben Monteith/Charlotte Coulson (SEC Newgate)
baringsRE@secnewgate.co.uk

Barings Real Estate
Barings Real Estate (BRE) is a part of Barings and offers a broad range of global investment opportunities across the private debt and equity investment markets. BRE invests in all major property sectors and offers an expansive range of financing solutions to real estate borrowers.  Follow us on LinkedIn at linkedin.com/showcase/barings-alternative-investments.

About Barings
Barings is a $470+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.

*As of September 30, 2025