Catella Buys for EUR 53M in Aarhus

Denmark Denmark Catella Residential Investment Management GmbH (CRIM), focused exclusively on residential assets, has acquired a project development for the Catella Wohnen Europa investment fund in Aarhus, Denmark.

2017-11-29

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A project development measuring around 13,000 square meters with a total of 162 residential units was acquired in Aarhus, the second-largest city in Denmark. Unit areas range between 56 and 117 square meters and completion is expected before the end of this year. The purchase price is around EUR 53.1M. 

The project is located in one of five new districts in the city that have been earmarked for development to meet the very strong demand. The city’s population, currently around 340,000, is expected to grow by another 10 percent by 2025. Aarhus is home to some 58,000 students and 125,000 people under the age of 25.
 




Maria Olsson Äärlaht
maria@nordicpropertynews.com




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