Swiss Life AM acquires Copenhagen serviced apartments

Swiss Life Asset Managers, through its ESG-focused real estate fund "TIGR," has purchased a serviced apartment building currently under construction in Copenhagen. 

Amager Strand

This property, located in Amager near a beach park and with easy access to the city centre and airport, will feature 95 units, a wellness area, reception, and shared workspace upon completion. Movinn will operate the fully leased building, with AG Gruppen serving as the contractor.
This acquisition reflects Swiss Life Asset Managers' belief in the continued growth of Denmark's serviced apartment market, driven by strong demand from both operators and customers. Amager's strategic location and excellent connectivity to business, leisure, and educational hubs make it an attractive investment. The property aims for high environmental standards, targeting EPC A2020 and DGNB Gold certifications.
This investment aligns with the Fund's strategy to create a varied European portfolio, focusing on properties in areas with anticipated sustained demand. Since its 2019 inception, the Fund has expanded to over €600 mln in gross asset value, encompassing 14 properties in 8 countries, and has earned a 4 Green Stars rating in GRESB 2025 for its strong ESG performance.
Guillaume Lau, portfolio manager at Swiss Life Asset Managers UK, said: “This acquisition provides compelling exposure to Copenhagen's living segment, which benefits from attractive fundamentals. The property's scale offers operational efficiencies in a fragmented serviced apartment market, and we're excited to support Movinn A/S's continued growth.” 
Bjarke Windeløv Graae, CEO at AG Gruppen, added: "We are pleased to announce the commencement of construction for Movinn’s new serviced apartments nearby Amager Strand. We also extend our congratulations to Swiss Life Asset Managers on their acquisition of the project and would like to thank both Movinn and Swiss Life Asset Managers for an excellent collaboration.”