Catella has signed an agreement to divest Kaktus Towers in central Copenhagen. Quantum has acquired the asset on behalf of an institutional investor. The transaction is based on an underlying property value of SEK 2.1 billion and is expected to contribute with nearly SEK 260 million to Catella shareholder’s EBIT in 2025 after transaction costs. The transaction is expected to be completed during the second quarter of 2025.
Kaktus Towers opened for residents in September 2022 and consists of respectively 24 and 21 floors totaling 495 apartments and four commercial spaces on a total area of approximately 26,000 square metres. The design is based on the 'micro living' concept providing modern living spaces ranging from 33 to 53 square metres. The residents can enjoy shared facilities including kitchens, collaboration spaces, lounges, and a gym. The concept aims to offer a living experience where residents sleep in their apartments and live within the building. Unlike conventional buildings, Kaktus Towers unique architectural design provides unique views and balconies for each apartment, adding a sculptural element to Copenhagen's skyline with its spiky facades.
Source: catella.com on the 1 May 2025
https://www.catella.com/en/newsroom/news-and-pressreleases/press-releases/2025/catella-enters-into-agreement-to-divest-kaktus-towers-in-copenhagen