According to the Danish newspaper Børsen, the buyer is London-based Coller Capital for a price it estimated at DKK 2.6 billion (€349m).

The portfolio comprises more than 1,000 residential units in 22 properties. The total lettable area is 93,000 sqm. The portfolio is primarily located in the Copenhagen area.

Catella has acted as sole financial advisor to DNB.

“We highly appreciate the trust shown to Catella by a leading financial institution like DNB. We have managed to secure a confidential structured process and a solution satisfactory to our client. The process has confirmed the increasing importance of combining deep local real estate knowledge with strong capital markets experience. In this process we have targeted not only classic real estate investors, but also financial investors with a still-increasing focus on real estate as an asset class,” says Jesper Bo Hansen, Head of Corporate Finance at Catella.

Catella Corporate Finance acted as exclusive financial advisor and Bruun & Hjejle acted as legal advisor to DNB.

“Catella is well positioned for this kind of mandate, not only locally but across the Nordic region and Europe, after many years with a strong focus on being a true corporate finance advisor in the real estate industry and being the link between property and finance,” concludes Jesper Bo Hansen.