Europa Capital, the pan-European real estate investment manager, announces the sale of the Hi:Life residential scheme in Aarhus, Denmark, on behalf of its pan-European value-add fund, Europa Fund V, for €85 million. The purchaser is the Catella Wohnen Europa Fund, which is managed by Catella Residential Investment Management GmbH (CRIM) and Catella Real Estate AG (CREAG).
Europa Capital forward funded the development of the 17,600 sq m project, which opened in 2020. The building, which is fully leased, comprises 234 one to three bedroom apartments with communal roof terraces, which are let at affordable rents, as well as a restaurant unit. The building is designed to be energy efficient, with solar panels on the roof.
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