Odense has become an attractive place for property investments in 2017 the city’s transaction volume exceeded EUR 350 million. Since them, several of the competing pension funds and investment funds have come to Odense looking for both development areas and existing portfolios of potentials. SEB was one of the first investors to see the possibilities of investing in Odense again. Investments in properties where one can see something new being build up and come to life is much more fun than for example bonds or securities”, Solveig Rannje, Director SEB Ejendomme. I think that’s why people are hooked on real estate. The Sugar Rows (“Sukkerrækkerne”) – which consists of 32 houses/dwellings – is the first project in the neighborhood, which was completed in the autumn 2017.įor SEB it is important to stay true to the soul, spirit and history of the building in order to create something that can continue creating value, just as the sugar cookery has done for a century: “Some of the things I love about real estate investments is to make old tired buildings become something of value for the future. It has been central to the city’s cultural life over the years. The property is one of the most significant buildings within industrialization in Odense. The sugar cookery provided many jobs for the city’s citizens for almost a century (1873 -1970). ![]() By 2022 the sugar district in Odense will consist of 170-180 dwellings for a total project worth EUR 44 million. SEB Pension fund is the owner and developer of the old sugar mill and cookery, located directly next to one of the new light rail stations. The development started in 2013/14 and is expected to be completed in phases by 2022. A former sugar cookery in the center of Odense is the location for SEB Pension fund’s €44 million development project.
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