The development, located in Glostrup within the Kirkebjerg urban development, is being designed to meet high sustainability standards. It will be constructed using low‑emission materials and energy‑efficient systems and will integrate smart‑technology solutions to reduce end-users’ energy consumption and mitigate environmental impacts. The project supports sustainable mobility through electrical vehicle infrastructure, cycling facilities, and shared mobility options. It also promotes multi‑generational living, addressing the region’s housing shortage with a strong focus on social sustainability. The day-to-day development management will leverage off Catella’s local development management platform in Denmark, which is currently developing more than 1,000 residential units in the region, such as the built-to-rent project Vega in Herlev, Copenhagen.

“We are excited to initiate yet another residential development project in line with our broader European living sector conviction strategy. Copenhagen is a key market for us, characterised by structural undersupply and a strong underlying demand for affordable and sustainable housing. We are pleased to co-invest alongside an established partner such as Pictet on this project. It is a further testament to Catella’s ability to attract high quality partners and to use our pan European platform to generate sustainable value-add investment opportunities”, says Rikke Lykke, Group CEO of Catella.

”We continuously scan the Nordic markets for compelling opportunities in the residential sector, both standing assets and development projects. This opportunity to partner with Catella’s experienced team and deliver 200+ highly sought‑after units to a Copenhagen market currently experiencing strong investor interest and rental growth fits our investment criteria very well”, says Linus Nilsson, Head of Nordics for Direct Real Estate at Pictet Alternative Advisors.

The joint venture builds on Catella’s pan European track record to deliver sustainable residential development projects in European key growth markets and reflects Catella’s strong platform and its continued focus on joint ventures in high-conviction opportunities. The partnership reflects strong institutional investor confidence in Catella’s residential development capabilities and reinforces the group’s position as a strong partner for sustainable value-add strategies within the Living sector across Europe.