Catella Wohnen Europa Fund buys 234-unit residential complex in Denmark for €85m

Berlin-headquartered Catella Residential Investment Management GmbH (CRIM) and Munich-based Catella Real Estate AG (CREAG), as the German KVG investment platform, have purchased Hi:Life, an affordable rental residential complex in Aarhus, Denmark, for the Catella Wohnen Europa (CWE) Fund for €85 million ($100 million).

The property was acquired from Europa Capital and Keystone Investment Management, selling on behalf of the Europa Fund V. This transaction increases the value of CWE’s total Danish portfolio to more than €270 million ($319 million). CRIM will manage the asset for CWE alongside the 400 Danish residential units it already manages for the fund.

The 17,636-square-meter (189,832-square-foot) Hi:Life residential complex, which opened in 2020, comprises 234 one- to five-room apartments, each with a balcony or terrace, as well as several roof terraces for communal use. It was designed by AART Architects, and its modern appearance is characterized by a faca