News release

JLL advises on €260 million residential portfolio transaction in Denmark

JLL has advised Germany-based Catella Residential Investment Management GmbH (CRIM) on the acquisition of a portfolio of 11 assets in Denmark for €260 million on behalf of its Catella Wohnen Europa (CWE) and Catella European Residential III (CER III) funds.

January 20, 2022

The portfolio comprises 643 residential units in total plus a number of commercial units at 11 properties across Copenhagen and Aarhus. Asset profiles across the portfolio range from modern city centre apartment blocks to suburban townhouse developments. The vendor of the portfolio is Formuepleje.

JLL is glad to have supported the deal by providing valuation & advisory on the acquisition in collaboration with our local partners at EDC International Poul Erik Bech in Copenhagen. 

Clive Drury, Director at JLL Valuation Advisory and Project Lead:

“JLL is pleased to have advised Catella on the successful acquisition of the second largest residential transaction in Denmark of 2021.

The volume and pricing of the transaction demonstrates the strength of Danish residential investment market and in particular, the increasing demand for quality assets in regional locations such as Aarhus.

It’s a pleasure to work with the Catella team on such a significant deal, and we worked hard to help get the transaction across the line by the close of the year. Thanks for entrusting our team at JLL & partners at EDC with such an important appointment!”

Janne Lykke Nielsen, Head of International Valuations, EDC International Poul Erik Bech:

“We are pleased to have worked on the project with a great team collaboration between Olga Dziuba and Clive Drury at JLL, myself at EDC Copenhagen and Tonny Broberg and Henrik Frost Sørensen at EDC in Aarhus. We have once again cemented the strong collaboration between EDC and JLL in the Danish market.”

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 95,000 as of September 30, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit