Catella and Pictet partner for Copenhagen residential development

Catella and Pictet Alternative Advisors have partnered in a joint venture to construct 205 apartments in Greater Copenhagen. 

Copenhagen residential - Catella

This collaboration significantly boosts Pictet Alternative Advisors' involvement in the Nordic residential market, expanding their portfolio to nearly 1,000 apartments across Stockholm and Copenhagen, including both new developments and existing properties. Both companies view this partnership as a strong endorsement of the residential markets in the Nordic region and Copenhagen specifically.
The new development in Glostrup, part of the Kirkebjerg urban project, will feature low-emission construction materials, energy-efficient systems, and smart technology to reduce residents' energy use and environmental impact. The project also promotes eco-friendly transportation with electric vehicle charging, bicycle facilities, and shared mobility options. Furthermore, it aims to foster multi-generational living and help alleviate the region's housing shortage, emphasising social sustainability. 
Catella's established local development management platform in Denmark, which is already managing over 1,000 residential units in the area (like the Vega BTR project in Herlev), will handle the day-to-day management of this new development.
Rikke Lykke, Group CEO of Catella, stated: “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.”
Linus Nilsson, head of Nordics for Direct Real Estate at Pictet Alternative Advisors, added: “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.”