In early 2025, Danish real estate experts Anne Sofie Vett Raaschou and Christopher Aandahl officially launched Three Lakes Capital, a Copenhagen-based real estate investment and asset management company. Their mission: deliver strong risk-adjusted returns while creating long-term value for investors and local communities.
Experienced Founders With Billion-Euro Track Records
Both co-founders bring decades of experience and proven success in the real estate investment sector:
Anne Sofie Vett Raaschou
- Former Investment Director at Nrep
- Oversaw more than €2 billion in real estate transactions
- Previous roles at Pears Global Real Estate, Colliers Capital Markets, and Maersk’s global property unit
Christopher Aandahl
- Led investment deals worth over €1 billion at Nrep
- Specialized in diversified asset classes and risk levels
- Background in finance and consultancy at Catella Corporate Finance and Kearney
“We’re entering the market at one of the most attractive times since the global financial crisis,” Aandahl noted.
Market Timing and Strategic Advantage
Three Lakes Capital is launching amid a real estate market correction. Prices across the Danish property market have fallen by 20–30% since their peak, while transaction volume is down nearly 50%.
Despite this downturn, Denmark’s economy grew 3.6% in 2024, providing a strong macroeconomic foundation for long-term property investments.
Investment Focus and Methodology
The firm takes a data-driven and thematic approach to real estate investing, aligning with long-term trends such as:
- Urbanization
- Demographic shifts
- Evolving consumer and tenant behavior
Three Lakes Capital’s strategy emphasizes:
- In-depth local analysis
- High-quality asset selection
- Hands-on property optimization
This enables the firm to uncover hidden value in real estate assets across Denmark and Northern Europe.
Services Offered by Three Lakes Capital
The company provides end-to-end investment and asset management services, including:
- Investment Management: Strategy-driven acquisition and portfolio development
- Asset Management: Operational improvements and long-term value enhancement
- Transaction Advisory: Sourcing, executing, and exiting deals with precision
These services cater to institutional investors, family offices, and high-net-worth individuals seeking exposure to the Danish real estate market.
Vision for the Future
Three Lakes Capital’s founders are building a firm that combines institutional-grade analysis with agile execution.
“We’re leveraging our network and insights to identify overlooked opportunities and unlock value,” said Raaschou.
Their launch aligns with a growing trend of boutique real estate firms entering the market with targeted strategies during a time of price adjustment and renewed opportunity.
