Updated Dec 21, 2023
Catella Residential Investment Management Acquires Student Housing In København For €60M
Støberigade 8, 2450 Copenhagen, Denmark
$60,000,000
Units
225
Asset Type
—
Closing
Dec 15, 2021
About this deal
AI
A student housing property located at Støberigade 8, 1. 52, 2450 København SV in the København sector has been sold in a closed transaction. The property consists of 225 units and was purchased for a total price of €60,000,000, which translates to an average price per unit of €266,667.
Summary of transaction details
- Property Type: Student Housing
- Transaction Amount: €60,000,000
- Units: 225
- Price per Unit: €266,667
- Purchaser: Catella Residential Investment Management (CRIM) - Benjamin Ruther
The student housing property was acquired by Catella Residential Investment Management (CRIM), with Benjamin Ruther representing their interests in the transaction.
Players
Copenhagen CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93