A German real estate investor has purchased the iconic Kaktus Towers (Kaktustårnene) in Dybbølsbro, Copenhagen, marking one of the largest property transactions in the Danish capital in recent years. The Swedish property manager Catella announced the sale of the twin high-rises to German company Quantum for 2.1 billion SEK (approximately 1.4 billion DKK / 187 million EUR).
Kaktus Towers: nearly 500 apartments in the heart of the city
The Kaktus Towers, known for their distinctive sculptural design, were completed in September 2022. Designed by the internationally renowned architectural firm Bjarke Ingels Group (BIG), the towers comprise nearly 500 rental apartments, contributing significantly to Copenhagen’s growing urban housing stock.
Strategically located near Copenhagen Central Station and Fisketorvet, the towers are a landmark of modern residential architecture in the city. Their organic, twisting design and green spaces have attracted significant attention both locally and internationally.
Quantum strengthens presence in the Nordic market
For Quantum, a Hamburg-based asset manager, the acquisition represents a further step in expanding its portfolio in the Nordic region. “This is a long-term investment in a highly attractive location with excellent development potential,” a Quantum spokesperson said in a statement.
According to Catella, the transaction is expected to be finalized in the second quarter of 2025. While the sale price falls slightly below the 1.5 billion DKK (201 million EUR) Catella initially hoped for, the deal is still considered a strong result in a cooling real estate market.
Key real estate deal in a shifting market
The sale reflects international investor confidence in Copenhagen’s property market, despite economic uncertainty and tighter financial conditions. The central location, modern design, and scale of the Cactus Towers made them a highly sought-after asset.
This transaction adds to a series of recent high-profile international investments in Danish urban development, underlining Copenhagen’s role as a key hub for Nordic real estate.
