GREYKITE and Brunswick launch Danish single-family rental platform, with initial 300-unit Aarhus acquisition

2025-07-07 GREYKITE European Real Estate Fund I (the “Fund”) and Brunswick Real Estate (“Brunswick”) have announced the creation of Danske Homes, a new purpose-built Danish single-family rental (SFR) housing platform comprising approximately 300 units across two prime sites in Aarhus, Denmark. This strategic initiative is being delivered in a joint venture partnership. The seller of the land is Trim Udvikling ApS.

The projects are concentrated in two of Denmark’s premier micro-locations in Aarhus (Trige and Lisbjerg), which have been chosen for their proximity to top-tier amenities including high-quality day care, elementary schools, and excellent public transport connectivity. The surrounding area is also benefitting from robust corporate investments, which is attracting a highly educated workforce and fueling further housing demand.

This acquisition targets one of Europe’s most dynamic housing markets, with Denmark boasting one of the strongest economies in Europe (2.6% unemployment vs. 6% EU average). Denmark has displayed continued stable GDP and population growth, causing demand for high-quality rental housing to surge in urban clusters like Aarhus.

The GREYKITE and Brunswick JV will target purpose-built single-family developments to address a pronounced supply and demand imbalance in Denmark. Despite ongoing population growth, the country delivered fewer than 6 new homes per 1,000 residents, which is well below other major European countries and underscores the need for additional high-quality housing stock. In Aarhus specifically, low supply has driven vacancy to frictional levels (1.4%), indicating strong rental demand.

David Hävermark, Partner and CIO at Brunswick, and Kristina Alderin, Partner and Strategy Lead at Brunswick, says: “We are pleased to collaborate with GREYKITE and to leverage their strong track record in single family rentals through the establishment of this joint venture in Denmark. Our partnership lays a solid foundation for long-term value creation, and it also reflects Brunswick’s firm belief in the Danish real estate market, which benefits from strong fundamentals. We are proud to have reached this important milestone and look forward to continued growth ahead.”

Michael Abel, Founder and CEO of GREYKITE, added:Danske Homes marks an important milestone in GREYKITE’s growth across Continental Europe being the Fund’s sixth investment platform and is a strategy that aligns our focus on building durable platforms in places where there is real, unmet demand. We see strong, long-term potential in the Danish housing market, and Aarhus stands out as a city where the fundamentals — demographics, employment, and infrastructure — support a high-quality, purpose-built rental community.”

Dan Valenzano, Senior Partner of GREYKITE, continues: “Building on our significant single-family experience and presence in the UK, we are excited to announce this partnership with Brunswick who bring a wealth of residential expertise across the Nordic region. This joint venture allows us to leverage local market dynamics while meeting the growing demand for high-quality housing in a region with strong fundamentals.” 

For more information please contact:
David Hävermark, Partner and CIO at Brunswick, +46 70 388 75 16

About Brunswick Real Estate
Brunswick is a Nordic real estate investor offering investment management services across asset classes. Brunswick builds independent, sustainable investment platforms, focused on targeted investment strategies, working closely with Nordic and international investors as well as local real estate partners. The team comprises about 35 people in Stockholm, Helsinki, and Copenhagen. For more information, please visit: www.brunswickrealestate.com

About GREYKITE
GREYKITE Investment Adviser Limited (together with its affiliates, “GREYKITE”) is an independent European real estate investment firm established in 2023 and headquartered in London. GREYKITE’s approach is rooted in meticulous market research aimed at identifying scalable investment opportunities in a series of high-conviction sectors. Thereafter, GREYKITE seeks to create leading European real estate businesses by either “buying it” or “building it” – utilizing corporate transactions or through strategic asset aggregations. Following acquisition, the Firm drives durable and lasting value enhancement through a combination of active asset management and value creation initiatives at the real estate and corporate levels. GREYKITE was founded on the principles of partnership and collaboration and is committed to creating long-term-value through transparency and strong alignment of interests of internal and external stakeholders.

GREYKITE Investment Adviser Limited (FRN: 648953) is an appointed representative of G10 Capital Limited  which is authorised and regulated by the Financial Conduct Authority.