Alma Property Partners and SF Management Acquire Torveporten UMEUS Student Housing in Copenhagen; Balder Takes 170-Unit Residential Block

Urban Partners has agreed to sell Torveporten UMEUS, a purpose-built student and micro-living complex in Valby, Copenhagen, to a joint venture between Alma Property Partners and SF Management, the firm announced Sept. 15, 2026. The transaction, executed on behalf of Nordic Strategies Fund II (NSF II), marks the final disposition of the fund's UMEUS portfolio.

In a parallel transaction, Balder assumed ownership of the adjacent 170-unit family rental property within the broader Torveporten development effective Sept. 1, 2026, completing a dual exit from a mixed-use project that Urban Partners and Balder developed jointly over roughly six years at the site of the former Grønttorv in Valby.

Asset Details: Torveporten UMEUS Valby

Torveporten UMEUS Valby, located at Bellidavej 10 in the 2500 Valby postal district, comprises 452 apartments across approximately 15,200 square meters of lettable area, along with 61 parking spaces. The property was completed and opened in 2024 and carries a DGNB Gold certification with an EPC A energy classification. The asset was fully let at the time of sale.

The UMEUS brand targets students and young professionals with micro-living units. Torveporten UMEUS sits within a wider mixed-use campus that integrates student housing, family rental apartments, and office and coworking space. The broader Torveporten scheme was developed as part of the transformation of the former Grønttorv wholesale market area into a new mixed-tenure neighborhood.

The sale of Torveporten UMEUS represents the last UMEUS-branded asset to exit NSF II. Urban Partners had previously divested other UMEUS properties in Copenhagen as part of the fund's wind-down of its PBSA holdings.

Buyer Perspective: Alma Property Partners and SF Management

"We are pleased to add Torveporten to our Danish portfolio," said Hüseyin Meric, Partner and country head at Alma Property Partners. "The property has an attractive location in Copenhagen and fits well with our focus on well-managed residential properties with good conditions for residents. We look forward to working with SF Management and would also like to thank Urban Partners for a good and constructive process. We continue to look for similar investment opportunities in Copenhagen and the rest of Denmark."

"Torveporten is a high-quality property with many exciting development opportunities that we look forward to realizing together with our joint venture partner Alma Property Partners," said Jacob Bruun Borring, Partner at SF Management. "The investment builds on our long track record in the student and micro-living segment, and we continue to see interesting prospects in this market."

Seller Perspective: Urban Partners and NSF II

"We are pleased to have agreed on the sale of Torveporten UMEUS to Alma Property Partners and SF Management," said Thomas Riise-Jakobsen, Partner and country head at Urban Partners. "The property is a strong student housing asset in an attractive area of Copenhagen, and we are satisfied to be able to hand it over to new owners who can build on the foundation that has been created. With this transaction, we are simultaneously completing the sale of the fund's UMEUS portfolio."

Balder Acquires 170-Unit Family Housing Block

The 170-unit family rental property transferred to Balder on Sept. 1, 2026. The apartments range from two to five rooms and span 54 to 125 square meters. Balder had been a joint venture partner with Urban Partners in the development of the broader Torveporten project, and the acquisition of the residential block marks the conclusion of that partnership.

"The takeover of the residential property with the 170 apartments marks an important milestone, and we are pleased to add the property to Balder's portfolio," said Flemming Joseph Jensen, co-CEO at Balder. "The entire Torveporten project is the result of a strong and constructive effort from all parties involved over now six years. A special thanks goes to Urban Partners, construction manager Sjælsø Management, and the other partners who have contributed to bringing the project safely to handover. We look forward to the next chapter and to continuing to create good conditions for the property's residents."

Torveporten was developed in close collaboration among Urban Partners, Balder, and Sjælsø Management as part of the broader redevelopment of the former Grønttorv site into a new mixed-use neighborhood incorporating both student housing and conventional residential units.

Market Context

The dual transaction closes out Urban Partners' multi-year development and asset management cycle at Torveporten. Alma Property Partners indicated it remains active in seeking comparable residential investment opportunities across Denmark following the acquisition.