Copenhagen’s Kaktus Towers sold for DKK 2.1 Bn

Swedish property firm Catella has divested the recently completed Kaktus Towers project in central Copenhagen to Quantum, acting on behalf of an institutional investor, in a deal valuing the property at DKK 2.1 billion (approx. SEK 2.1 billion). The transaction is expected to close in Q2 2025.

Opened in September 2022, Kaktus Towers comprises two towers of 24 and 21 floors respectively, totaling 495 micro-apartments of 33-53 sq m and around 26,000 sq m of total area including four commercial units.

The innovative “micro-living” concept provides modern compact residences along with shared amenities like kitchens, co-working spaces, lounges and a gym, aiming to foster a social residential community.

“Kaktus Towers is a spectacular project we’re very proud of,” said Daniel Gorosch, Acting CEO of Catella Group. “Its unique sculptural façades add an iconic element to Copenhagen’s skyline.”

Part of the larger Kalvebod Brygge urban redevelopment district, Kaktus Towers is envisioned as a new green urban destination connecting neighborhoods while reducing emissions through increased green spaces and biodiversity.

“Developing Kaktus Towers shows our commitment to sustainable, ESG-focused investments and promoting modern residential concepts benefiting society,” said Morten Gustafson, Managing Director at Catella Investment Management Denmark. “It reflects our ambition to create attractive residential areas prioritizing liveability and the urban environment.”

The DGNB-certified project adheres to the EU’s taxonomy for sustainable activities and won the Best Tall Building in Europe award at the 2024 CTBUH conference for its innovative design integrating sustainability principles.

The translation was written by an AI system, though the original text was authored by a human. Read the original article here