2020-06-17 8:51 CET, Europe | Investment Management | Press release
Panta Rhei Dutch Residential Fund, the German institutional-structured spezialfonds managed by Catella Real Estate AG, has sold a residential tower with 160 rental apartments in Rijswijk near The Hague to an investor for €42.5 million. Surrounded by water and foliage, the complex comprises a 21-storey tower and is located on Clavecimbellaan. Catella Investment Management Benelux (CIMB), the fund's Dutch investment advisor, was responsible for the transaction.
Voas Brouns, Managing Director of CIMB and co-founder of the Panta Rhei Dutch Residential Fund, said: “The sale of this complex fits in with our goal to further rejuvenate and optimise the housing portfolio of the Panta Rhei Dutch Residential Fund. We are pleased we were able to bring the sale to a successful close despite the restrictions in place due to the coronacrisis. Catella continues to look for new investment opportunities for all the funds it manages.”
CIMB was advised during the transaction by CBRE, while AKD provided legal advice. The portfolio will be managed by asset and investment manager Rubens Capital Partners. Loyens & Loeff was the legal advisor for the buyer.
ENDS
About Catella Investment Management Benelux (CIMB)
Catella Investment Management Benelux (CIMB) is part of the Catella group, an independent financial advisor, fund and asset manager with approximately 600 employees in 15 countries. Our parent Catella AB is listed on the Nasdaq Stockholm in the mid-cap segment.
CIMB is the local branch that offers acquisitions and asset management for all Catella funds in the Netherlands, Belgium and Luxembourg. These include the Panta Rhei Dutch Residential Fund, the European Residential Fund and all other Catella funds such as Catella Wohnen Europa and the Catella European Student Housing Fund. CIMB currently has about €1.2 billion in assets under management in the Benelux and expects to make acquisitions totalling €300 million in 2020.
About Rubens Capital Partners
Based in Amsterdam, Rubens Capital Partners is an independent asset and investment manager with approximately €3 billion in assets under management.
About CBRE
CBRE Group, Inc., a Fortune 500- and S&P 500-company headquartered in Los Angeles, is the world’s leading commercial real estate services and investment firm (based on 2017 revenues). The company has more than 80,000 employees (excluding affiliate offices) and advises landlords, investors and occupiers from more than 450 offices (excluding affiliate offices) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Visit our websites: www.cbre.nl and www.cbre.com
For more information please contact:
Lisette van der Ham
Head of PR & Corporate Communications
Catella Residential Investment Management GmbH
Upper West, Kantstraße 164, 10623 Berlin
M: +31 (0) 6 83200561
E: lisette.vanderham@catella-investment.com
W: https://www.catella.com/immobilienfonds
