case
Søren Enggaard A/S sells housing project in Aalborg to BlackRock
A distinctive housing project changed hands in Aalborg, and HaugaardBraad provided legal advice in what turned out to be one of the biggest property transactions of the year 2025.
Client
Private urban developer
Line of business
Real estate / Urban develpopment
Services
Strategic legal advice
Contract drafting
Sales preparation
Transaction execution
Areas of law
Property transactions
Real estate law
Contract law
Danish company Søren Enggaard A/S sold a large housing project in Steinbeck, a new Aalborg neighbourhood near the city's largest sports and event centre, the Gigantium, to US multinational investment company BlackRock.
The housing project consists of 272 housing units, comprising six tower blocks, and 16 terraced houses, and it is central to the overall urban development plan for the area. Its considerable scale and architectural design makes it an outstanding addition to the southern district of the city of Aalborg.
Among the largest property sales in the Danish market in 2025
As one of the largest transactions in the Danish market this year, it was handled as a single property sale that also included a corporate structure and financing model.
HaugaardBraad assisted Søren Enggaard A/S with legal advice during the entire property development phase, from acquisition of the land, and the development and construction of the housing units and until the final conveyance of the housing project to BlackRock.
The project was managed by attorneys Michael Møller Pedersen and Katrine Dons Kvottrup.
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