Cap Rate is a German real estate development company headquartered in Berlin that consists of a number of partners with experience in real estate development around Europe. The company expands and opens an office in Copenhagen/Malmö and acquires the large project Katrinelund Centrum in Malmö.

Cap Rate plans to build upwards of 700 apartments and will invest SEK 700 to 800 million before the project is fully completed. A new zoning plan for the property has gained legal force, which means an extension with 5 floors for residential apartments above the shopping center.

“For Cap Rate, it is an exciting project where we will create a large number of new homes, especially for Malmö's young population. This, combined with the opportunity to develop the center into a new type of meeting place with housing, activities, trade, sports and restaurants, that we believe is the concept of the future,” says Peter Schunk, Chairman of the board at Cap Rate.

"Angermann has worked in a structured way to find a buyer for the project where, above all, great interest has come from international investors with experience from similar projects around Europe where residential and shopping centers, community services and activities are integrated in an attractive way," says Claes Virgin, Managing Partner at Angermann Sweden. 

There is great development in Norra Sorgenfri, which is one of Malmö's most central and largest development areas with about ten new residential areas. The investment is a major addition to the area and has a positive contribution to city life. 

"We are very pleased that we can attract a new investor to the Nordic region who has seen the positive opportunities that exist here through this unique project," says Claes Virgin, Managing Partner at Angermann.