News and Press Releases

Berlin, September 22, 2020 –Berlin-based Catella Residential Investment Management GmbH (CRIM) and Catella Real Estate AG (CREAG) have acquired a newly completed residential development in Helsinki for the Catella Wohnen Europa (CWE) Fund via their AIFM platform together with Catella Asset Management Oy. This takes the CWE assets under management in Finland to almost €100 million and the vehicle’s total AUM across European markets past the €1.0 billion milestone.

Leading firms in the real estate sector have yet again voted Catella’s market research as the best in Finland. Catella’s market research has been chosen as #1 in Finland now 14 times in a row.

Uncertainty in the real estate debt market increased due to the Corona virus crisis.

Catella acted as OP Life Assurance Company Ltd’s exclusive financial advisor in the divestment of a historic landmark office property in the centre of Helsinki to global LaSalle Investment Management.

Record-strong first quarter followed by weak second quarter During the first quarter of 2020, the total transaction volume in Finland amounted to a record-high first-quarter volume. Due to the coronavirus crisis investment market activity decreased significantly during the second quarter.

Catella Property Oy acted as Senate Properties’ advisor in the divestment of its shares in Kiinteistö Oy Haapaniemenkatu 7-9 to a domestic investor.

Catella acted as an advisor to employment pension company Varma in the sale of Kiinteistö Oy Kuntotalo and in the sale of Lappeenrannan Kodinkeskus retail property.

Investors represented by Cobbleyard Real Estate and Revcap have divested two modern office properties located in the Hervanta office area in Tampere to a fund managed by Quadoro Investment Gmbh.

Catella acted as Senate Properties’ financial advisor in the sale of a property, which comprises an entire block in the Helsinki city centre. The buyer is a Finnish real estate development company HGR Property Partners Oy.

Catella has acted as M19 Invest Ky’s financial advisor in the arrangement of 15 million euro junior financing as a part of the refinancing of Isku Center in Lahti.

Catella Asset Management Oy acted as Mutual Pension Insurance Company Varma’s advisor in the sale of a property in Metsälä, Helsinki. The lettable area of the asset is ca. 3.200 square metres. The total transaction price was ca. € 3 million.

Catella acted as an advisor to a private owner in the divestment of an office property in the address Laturinkuja 6 in the Vallikallio area in Espoo.

Catella acted as private investor’s financial advisor in the purchase of an office property in the Tampere city centre. The seller of the property was another private investor.

Autokiinteistöt Laakkonen Oy has sold seven car retail properties to Swedish real estate investment company Fastighets AB Balder. Properties are located in Tampere, Lahti, Kuopio, Joensuu, Hämeenlinna and Hyvinkää. The total lettable area of the properties is approximately 50 000 square meters of which almost 40 percent is in Tampere. All of the Properties are let to K Caara.

Catella acted as Oy Matkahuolto Ab’s financial advisor in the divestment of a property portfolio consisting 13 assets in several locations across Finland. Most of the assets are commercial premises in travel centres and bus stations. The buyer is a group of private investors.

Catella acted as an advisor to a company managed by FinCap in the sale of private clinic and hospital property in the city centre of Pori. The property is fully leased to Mehiläinen with a long lease agreement. The buyer is Evli Healthcare I Ky, which is a healthcare fund managed by Evli Fund Management Company.

Investment market still active Property trade’s transaction volume remains strong despite last year’s decrease from 2018 to circa EUR 6.3 billion. This is partially because there were no billion-euro transactions in 2019 as opposed to previous years. However, international investors continue to find Finland still attractive. In 2019, Finland gained property investments worth EUR 3.1 billion, which is circa 49% of all investments.

Catella acted as OP’s Real Estate Fund Finland III Ky’s advisor in the sale of a residential development property in Helsinki inner city.

Niam and Catella Asset Management have agreed to co-operate in the sales and leasing management of Nordic Tower Properties portfolio owned by Partners Group and managed by Niam. The portfolio consists of 42 properties owned by five different companies with a total leasable area of over 155,000 m². The portfolios assets are located in growth centers and smaller locations around Finland. Catella Asset Management will be responsible for the development of the assets according to business plans, as well as sales and leasing in the coming years.

Catella Corporate Finance has acted as exclusive financial advisor to NREP within strategic debt advisory. The mandate has comprised a market study and subsequent successful raising of alternative debt financing.

Catella acted as Nordika’s advisor in the acquisition of a landmark office property in the Helsinki inner city.