Tishman Speyer expands into Nordic market

Tishman Speyer has announced the acquisition of a prime residential development in Rødovre, Greater Copenhagen, on behalf of a German pension fund.

Else Sørensens Vej Copenhagen

The deal, expected to close in Q2 2027, involves a 16,871 m2 project with 186 high-quality residential units and 168 underground parking spaces.

The seller, Heimstaden Investment, will continue to manage the construction, which is already underway and slated for completion in April 2027. Tishman Speyer partnered with local expert Rubik Properties for this acquisition, and together they will handle leasing and asset management.

This marks Tishman Speyer's fifth acquisition for a German pension fund focused on new residential investments and active asset management in key European cities. It's also the fund's first investment outside Germany and a significant step for Tishman Speyer's expansion into the Nordic region.

Greater Copenhagen, with its growing population and employment, has a high demand for quality rental housing. The project is located in Rødovre's developing Gartnerbyen district, a former commercial area transforming into a lively, mixed-use neighbourhood. The Copenhagen residential market has limited new supply, low vacancy rates, and steady rental growth, making this project one of the last residential developments in a supply-constrained submarket.

The development includes 186 units, averaging about 91 m2, with a mix of two- to four-room units designed for families and professionals. A central, landscaped courtyard provides natural light, privacy, and shared outdoor space.

The location offers excellent connectivity with easy access to public transportation, including buses, metro, light rail, and trains, as well as major roads for efficient commutes to central Copenhagen and surrounding areas. The area also promotes sustainable mobility with strong bicycle infrastructure and integration with public transport.

Tishman Speyer managing director Nils Skornicka said: “The project expands our dedicated residential mandate into the Nordics, a market with strong demographics and sustained demand for high-quality rental housing. This acquisition underscores our conviction in the European living sector and the depth of our residential platform.”