Viga and Pictet expand Danish residential portfolio

Viga Real Estate and Pictet Alternative Advisors are expanding their joint venture by acquiring Project Delta from a Danish family office.

Delta

This follows their successful first collaboration, "Project Gateway," which was one of the largest residential real estate deals in the Nordics in 2024. Both acquisitions demonstrate their goal to create a significant, high-quality residential portfolio in Denmark.

Project Delta is a well-maintained residential property built in 2007, located in Vallensbæk Strand within Greater Copenhagen. It features 96 apartments spread across two high-rise buildings, totalling about 9,466 m2. The property boasts an excellent location with easy access to Copenhagen city centre via nearby public transport. The spacious three- and four-room apartments, averaging 99 m2, all feature large balconies overlooking Køge Bay, making them appealing to families and seniors. Vallensbæk Strand is experiencing strong population growth, has a limited new housing supply, and offers a desirable mix of urban and coastal amenities, ensuring ongoing demand for quality homes.

Linus Nilsson, head of Nordics, Real Estate at Pictet Alternative Advisors, said: “We’re excited about adding 96 high-quality residential units to our standing residential portfolio in Copenhagen and to further expand our successful collaboration with Viga Real Estate. This acquisition is underpinned by our continuous belief in the Copenhagen residential market, fuelled by a lack of supply and a very dynamic local economy.”

Kristian Vinther, founding partner at Viga, added: “Project Delta is a strong addition to our growing Greater Copenhagen portfolio and a natural next step in our successful partnership with Pictet Alternative Advisors. The asset combines quality, location, and long-term demand fundamentals, fully aligned with our investment strategy.”