Catella has signed an agreement to divest Kaktus Towers, located in central Copenhagen. The asset has been acquired by Quantum 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 nearly SEK 260 million to Catella shareholders’ EBIT in 2025, after transaction costs. Completion is anticipated during the second quarter of 2025.
Opened to residents in September 2022, Kaktus Towers comprises two buildings of 24 and 21 floors, offering a total of 495 apartments and four commercial spaces across approximately 26,000 sqm. Designed around the ‘micro living’ concept, the apartments range from 33 to 53 sqm, and residents enjoy access to shared kitchens, collaboration spaces, lounges, and a gym. The concept encourages a lifestyle where individuals sleep in their apartments and live within the building.
The development features a distinctive architectural design, with each unit enjoying a unique view and private balcony. The spiky facades have added a sculptural element to Copenhagen’s skyline.
“Kaktus Towers is a spectacular project that we are very proud of. The fact that we have now reached an agreement for its divestment at attractive levels for both the seller and the buyer is very positive. It provides us with increased opportunities for new and interesting investments for growth of AUM and recurring revenue, aligning with our strategy and creating value for our shareholders,” said Daniel Gorosch, Interim CEO and President, Catella Group.
Kaktus Towers is located in one of Copenhagen’s most centrally positioned development zones, Kalvebod Brygge. The area is part of a broader zoning initiative connecting Postbyen, Jernbanebyen, and the Central Station, and is being developed into a green, innovative urban district that supports biodiversity and CO₂ reduction.
“The development of Kaktus Towers showcases our dedication to sustainable investments and ESG principles, as well as our efforts to promote modern housing concepts that benefit society. It also reflects our commitment to creating attractive residential areas that prioritize both individuals and the urban environment. After working on the project from start to finish, it is of course with both immense pride and mixed feelings that we now hand over Kaktus to new owners,” said Morten Gustafson, Managing Director, Catella Investment Management Denmark.
