The property fund Nordic Strategies Fund II managed by the Nordic real estate developer, investor and vertically integrated real estate operator NREP ("NREP") has concluded an agreement with Domis, which specialises in investment and development of residential properties particularly in Aarhus, concerning the development of a 36,000 m2 housing construction in Risskov Brynet, Aarhus.
Risskov Brynet must be a sustainable district, and the aim is to obtain a DGNB Gold certification of the residential units. Such certification is given within sustainability.
First they will begin constructing 199 residential units distributed on 17,300 m2 which is expected to be completed within the next 2 years.
Accura has advised NREP throughout the entire process from set-up of the structure, due diligence, investment and purchase agreement, development agreement, turnkey contract and shareholders' agreement with Domis.