Industriens Pension has agreed with Arpe Kjeldsholm, the contractor, to build 'Klosterhaverne', a housing project in Roskilde, Copenhagen.
The construction ceremony will take place on 12 May.
The firm said that over the next two years, a former parking lot at Sortebrødre Plads in Roskilde would be transformed into an urban environment with 101 new homes, a new café, and several commercial leases.
The new homes will be divided into 71 rental homes and 30 public housing units.
Industriens Pension is the developer and investor in the project, which is being developed in close collaboration with the project developer Kuben Management and Boligselskabet Sjælland, which will take over the public housing when it is completed.
The firm said the investment amount was not public but was "significant" - in the three-digit million range.
In addition to Industriens Pension, the energy company NRGI is also a project co-owner.
Industriens Pension said it expected the first residents to be able to move in in the spring of 2027.
"It is a project that will better connect several central parts of Roskilde and add new life and activity to the city centre, claimed Industriens Pension property manager, Søren Tang Kristensen.
At the same time, we will get some high-quality buildings with a varied architectural expression that will complement the many beautiful historic properties in the centre of Roskilde," he said.
"We look forward to starting the construction of Klosterhaverne, and we are proud to contribute with our many years of experience with high-quality residential construction in a dense urban context," added Arpe Kjeldsholm CEO, Thomas Sørensen.
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