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Denmark: Private equity real estate platform DFI and investment manager Evervest has launched komvi, a new single-family rental (SFR) platform.
The JV has been seeded with the €150 million off-market forward funding acquisition of around 400 single family rental homes across five development projects in Zealand, Jutland and Greater Copenhagen. The homes are designed for couples and families and will meet DGNB Gold and EPC A sustainability standards.
The platform has secured a €75 million cornerstone investment from Grosvenor’s Diversified Property Investments business (DPI), representing Grosvenor’s first investment in Denmark.
The JV aims to tap into the nascent Danish SFR market and capitalise on the continued growth and sophistication of the Danish rental market, which is driving demand for high quality, purpose-built and institutionally managed SFR homes.
DFI and Evervest plan to expand komvi through targeted acquisitions and forward-funding projects.
Paul Nearchou, partner at DFI, said: “DFI has established a strong track record of creating best-in-class living platforms of scale in Denmark and Komvi is our latest strategy to capitalise on secular trends in this undersupplied sector. We believe that the significant capital commitment from Grosvenor, which has chosen to work with us and Evervest for its first investment in the Danish market, is a strong endorsement of both our track record and this investment thesis. Our aim is to build a market leading platform and our seed portfolio gives Komvi immediate scale and quality from launch, comprising newly built rental homes designed to high sustainability standards.”
This latest strategy builds on DFI’s track record of creating institutional-grade living platforms in Denmark. This includes Blaekhus, a student accommodation platform of around 1,200 student units, which DFI sold to PATRIZIA in 2022 for €314 million. DFI has also built Mylo Living, a Danish flex living platform seeded with a 350-unit asset in Copenhagen.
Andy Yates, chief investment officer at Grosvenor Diversified Property Investments, said: “This deal marks Grosvenor’s first investment in Denmark and exemplifies our approach to backing specialist local partners who share our values and have a deep understanding of their markets. The DFI and Evervest teams’ commitment to providing high-quality, sustainable homes that meet local needs aligns with our strategy to deliver long-term value while promoting environmental responsibility, social well-being, and community support. We look forward to working with DFI and Evervest to grow this exciting platform.”
William Kanta, CEO of Evervest, added: “komvi marks the launch of Evervest’s first dedicated residential investment strategy and a major milestone for us as a company. Our partnership with DFI and Grosvenor reflects exactly what Evervest was created to do – develop clear investment strategies together with investors and execute them with strong local expertise and purpose. Grosvenor’s commitment, in its first investment in Denmark, is a clear endorsement of both our approach and the opportunities we see in the Danish housing market.”
Highlights:
• Private equity real estate platform DFI and investment manager Evervest has launched komvi, a new single-family rental (SFR) platform
• The JV has been seeded with the €150 million off-market forward funding acquisition of around 400 single family rental homes across five development projects in Zealand, Jutland and Greater Copenhagen
• The platform has secured a €75 million cornerstone investment from Grosvenor’s Diversified Property Investments business (DPI), representing Grosvenor’s first investment in Denmark
