Saturday, 22 August 2026
Catella, together with Nordkranen and an international investment partner, has agreed a property exchange with Ikano Bolig involving the sale of the GreenPoint residential development in Herlev and the acquisition of a development site at Retortvej in Valby, Copenhagen.
Under the agreement, Ikano Bolig, part of Ikano Bostad, will acquire GreenPoint, a completed residential scheme comprising 445 rental homes. At the same time, Catella and its partners will take ownership of the Retortvej site, where they intend to develop a new residential project.
The transaction effectively allows the Catella-led partnership to exit a completed and fully occupied investment while recycling capital into another development opportunity in the Copenhagen residential market.
GreenPoint was created through the redevelopment of a former industrial property in Herlev into a residential neighbourhood. The project has achieved DGNB Platinum and WiredScore Home Platinum certifications, reflecting the sustainability and digital infrastructure standards incorporated into the development.
“GreenPoint demonstrates our ability to create value throughout the entire real estate cycle. Together with Nordkranen, we transformed a former factory site into a fully let residential community with strong sustainability credentials, and we are pleased to hand it over to a long-term owner such as Ikano Bolig,” said Morten Gustafson, Managing Director, Catella Investment Management Denmark.
“At the same time, the acquisition of Retortvej secures an attractive new development opportunity in Copenhagen and allows us to continue the existing partnership in a market with strong long-term housing demand,” Gustafson added.
The Retortvej acquisition extends Catella and Nordkranen’s residential development activity in Denmark. The partners plan to develop housing on the site, targeting Copenhagen’s continuing requirement for additional residential supply.
“This transaction reflects Catella’s ability to deliver value-add returns in affordable living, a segment supported by strong demand and clear social purpose,” said Dominik Röhrich, Head of Investment Management Europe. “Our continued ESG focus, recognised through numerous awards and certifications, remains central to how we create long-term value.”
The transaction remains subject to customary closing conditions and is expected to complete in January 2027.
