Catella advisor to DNB in milestone 1,000 residential units transaction in Denmark
Catella has acted as sole financial advisor to DNB on the sale of its entire residential property portfolio in Denmark to an international private equity group. This is one of the largest property transactions in Denmark in 2015.
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.
“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. The parties have agreed not to disclose the sale price.
“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.
For more information, please contact:
Jesper Bo Hansen
Head of Corporate Finance
+45 33 93 75 93
jesper.bo@catella.se
Press contact:
Ann Charlotte Svensson
Head of Communications
46 8 463 32 55, 46 72 510 11 61
anncharlotte.svensson@catella.se
About Catella: Catella is a financial advisor and asset manager with in-depth knowledge of property, fixed income and equities. Catella is a leader in the property sector, with a strong local presence in Europe, and employs some 500 professionals in 12 countries. Catella is listed on First North Premier on Nasdaq Stockholm. Read more at catella.com.
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