Pictet and Viga expand joint venture partnership with acquisition of Project Delta
Project Gateway, completed in December 2024, represented the inaugural transaction of the partnership and one of the largest residential real estate transactions in the Nordics in 2024. The acquisition of Project Delta underscores the shared ambition to build a scalable, high-quality residential portfolio in Denmark.
Project Delta is a high-quality, well-maintained residential asset located in Vallensbæk Strand, within the Greater Copenhagen area. Built in 2007, the property comprises 96 residential units across approximately 9,466 sqm, distributed over two high-rise buildings. The asset benefits from a prime location in Vallensbæk Strand adjacent to light rail and S-train connections, providing direct access to Copenhagen city centre. The property offers spacious three- and four-room apartments with an average size of 99 sqm, all featuring large integrated balconies with views of Køge Bay, making them particularly attractive to families and senior residents. The Vallensbæk Strand area is characterised by strong demographic growth, limited future supply, and proximity to both urban amenities and coastal environments, supporting sustained demand for quality housing.
Together with Project Gateway, the partnership between Pictet and Viga now comprises close to 650 apartments in attractive locations in greater Copenhagen.
Linus Nilsson, Head of Nordics, Real Estate at Pictet Alternative Advisors, says: “We’re excited about adding an additional 96 high quality residential units to our standing residential portfolio in Copenhagen and to further expand our successful collaboration with Viga Real Estate. This acquisition is underpinned by our continuous belief in the Copenhagen residential market, fuelled by a lack of supply and a very dynamic local economy.”
Kristian Vinther, Founding partner at Viga, adds: “Project Delta is a strong addition to our growing Greater Copenhagen portfolio and a natural next step in our successful partnership with Pictet Alternative Advisors. The asset combines quality, location, and long-term demand fundamentals, fully aligned with our investment strategy.”
Note to Editors
About Pictet Group and Pictet Alternative Advisors
The Pictet Group is a partnership of owner-managers, with principles of succession and transmission of ownership that have remained unchanged since foundation in 1805. It offers only wealth management, asset management, alternative investment solutions and related asset services. The Group does not engage in investment banking, nor does it extend commercial loans.
With CHF 757 (EUR 813, GBP 710, USD 955) billion in assets under management or custody at 31 December 2025, Pictet is today one of the leading Europe-based independent wealth and asset managers for private clients and institutional investors.
Founded and headquartered in Geneva, Switzerland, Pictet today employs around 5,500 people. It has 31 offices worldwide, in Amsterdam, Barcelona, Basel, Brussels, Dubai, Frankfurt, Geneva, Hong Kong, Lausanne, Lisbon, London, Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau, New York, Osaka, Paris, Rome, Shanghai, Singapore, Stuttgart, Taipei, Tel Aviv, Tokyo, Turin, Verona and Zurich.
Pictet Alternative Advisors (PAA) is an independent unit within the Pictet Group that manages investments in hedge funds, private equity, private debt and real estate assets for both private and institutional clients. Pictet employs around 200 alternative investment specialists and manages USD 54 billion in alternative strategies, with USD 31 billion in private equity, USD 18 billion in hedge funds, USD 5 billion in real estate and approx. USD 1 billion in private debt (as at 31 December 2025).
About Viga Real Estate
Viga is a vertically integrated, Copenhagen-based real estate firm operating across investment, asset, and property management, with a focus on residential assets. The company was founded in 2021 by Niels Heering and Kristian Vinther, in partnership with Swiss Finance & Property Group.
On a consolidated basis, Viga and Norhjem manage approximately EUR 1.4 billion in assets under management (AUM) across discretionary portfolios, institutional separate accounts, and property management mandates (through Norhjem Administration), comprising 4,982 residential units across Denmark.
Together, Viga and Norhjem employ 40 real estate professionals, and Viga is regulated by the Danish Financial Supervisory Authority.
