Catella Residential Investment Management (CRIM) has acquired the Telegrafkollegiet student residence in Copenhagen for EUR 45 million (US$ 54.10 million) through its Catella European Student Housing Fund II (CESHF II). Located in Ballerup, Greater Copenhagen, Telegrafkollegiet has an area of 10,226  m² and was built in 1971 for commercial purposes. The student residence includes 262 apartments of 36-54 m²  size, equipped with private toilet, shower, and kitchen. 

Since its launch, CESHF II has acquired seven properties comprising nearly 2,000 residential units in five European countries. The Fund offers investors a projected internal rate of return (IRR) of more than 5% per year and a direct income of more than 3.5%.