Catella successfully divested Kaktus Towers in Copenhagen, a strategic move to enhance its asset management capabilities and pursue further growth opportunities in the European property market.

Information on the Target

Kaktus Towers, an award-winning residential development located in central Copenhagen, has recently been divested by Catella, marking a significant transaction in the European property market. Completed in September 2022, the property has experienced a rental growth of 15% since inception, reflecting its strong appeal among residents. With a reported underlying property value of approximately SEK 2.1 billion, the divestment is expected to contribute nearly SEK 260 million to Catella's operating profit after transaction costs.

This divestment aligns with Catella's strategic goals to enhance its asset management capabilities and generate recurring income while simultaneously expanding its project investment portfolio.

Industry Overview in Denmark

The Danish property market has shown signs of resilience and recovery in recent months, despite global economic uncertainties. The European Central Bank's recent interest rate cuts, aimed at stimulating economic growth, have had a notably posi