The asset, Unity Aarhus, has 652 fully-furnished units with balconies, and offers a wide range of amenities, including cinema, saunas, co-working, meeting rooms, gym and various other recreational and study rooms. The property is DGNB Silver rated and comprises of a total gross total lettable area of c.26,453 sq m.

It is situated on Gøteborg Allé, between Skejby, Katrinebjerg and Nobelparken business parks, that are home to a number of large financial, engineering, healthcare and IT companies, in addition to providing access to the renowned University of Aarhus by foot, bike and tram.

Savills is also mandated on the sale of the wider Unity portfolio, which has six additional assets in the Nordics, situated across Stockholm, Malmo, Helsinki and Tampere. The assets are collectively held within AEROF and provide an array of flexible living and co-working solutions in recently built or refurbished, ESG-accredited schemes.

Anders Bengtsson, Partner at Savills Denmark, says: “Demand for living sector properties in Denmark is on the rise due to positive economic, demographic and financing trends. Aarhus is the country’s second largest city, with one of the youngest populations in Western Europe (by average age), and is home to c.63,000 students, providing resilient demand for rental housing. Unity Aarhus is one of the highest quality assets in the country and we are delighted to have completed the sale on behalf of our client.”

Marcus Roberts, Head of Savills European Operational Capital Markets, says: “Denmark is one the fastest recovering real estate markets in Europe, and with Aarhus’ positive socio-economic tailwinds and lack of housing supply, offers investors highly favourable risk-adjusted returns. We continue to partner with abrdn on the sale of the remaining Unity assets in the Nordics and we are very pleased to have achieved a significant milestone within the overall process.”