News and Press Releases

Berlin-based Catella Residential Investment Management (CRIM) has appointed real estate veteran Paul van Stiphout as Fund Manager of Catella’s European Residential Fund III (CER III), with effect from June 1st. Managed by CRIM, CER III is the first pan-European residential impact fund.

If you look around the European cities now, you experience a liveliness that we have rarely seen in the past two Corona years. Sure, catch-up effects can certainly be diagnosed, and the warmer season will do the rest. However, this “meet & greet” is superimposed by a socio-demographic development that has prevailed in the last 15 years. We are talking about the almost exploding number of so-called "single-person households" in urban centres. The average values ​​here are significantly more than 50% (in comparison: At country level in the EU, these come to around 38%).

Berlin-based Catella Residential Investment Management (CRIM) has acquired a residential rental property consisting of two buildings in the San Luis district to the south of Valencia, for the Catella Wohnen Europa (CWE) fund for €66 million. The assets were acquired via the AIFM platform of Catella Real Estate AG (CREAG) and will be managed by Catella Asset Management Iberia S.L. (Catella AM Iberia), which already has a portfolio of 2,300 housing units in Spain.

The Catella Wohnen Europa Fund (CWE) has acquired a €22 million residential complex in the historic city centre of Zwolle in the eastern Netherlands from Dutch investor Hermans OG B.V. The property comprises 67 apartments targeting the mid-market rental sector, five commercial spaces totalling 1,500 sqm and 40 parking spaces. Berlin-based Investment Manager Catella Residential Investment Management GmbH (CRIM), Catella Investment Management Benelux (CIMB) and Munich-headquartered AIFM platform Catella Real Estate AG (CREAG) conducted the transaction on behalf of the Fund.

The KanAm Grund Group based in Frankfurt am Main has purchased the commercial property "Lambda" in Hartmannsdorf near Chemnitz for the open-ended real estate fund LEADING CITIES INVEST. The transaction was brokered by Catella Property Consultants, which acted as exclusive advisor to the seller.

The Catella European Residential III Fund (CER III), the first pan-European ‘dark-green ’ESG impact fund for residential real estate, has raised around €280 million from seven German and Dutch institutional investors, as its total assets under management passed the €1.0 billion milestone.

With the end of the first quarter of 2022, a clear message can be heard from the European housing markets: It remains THE most dynamic real estate class.

Munich, April 4, 2022: 2021 was another very successful year for Catella Real Estate AG (CREAG), both operationally and financially. CREAG kicks off 2022 in January with its 15th anniversary and a new spokesperson at the helm. Andreas Wesner joins the Management Board of CREAG as of April 1, where he will continue to drive the growth strategies of the "Catella Property Investment Management" business unit.

Let's be honest: Would you invest in a property that you can't see or touch, but for which there seems to be a market? Many Hollywood stars and tech representatives are advertising the opportunities here with references to branding, value enhancement and a "completely new efficient world of interaction". Even better, would you send your avatar forward to communicate and do business?

The Catella European Residential Fund III has acquired Gramercy Tower, a 188-residential unit build-to-rent (BTR) development in Cardiff for c. £37.5M (c. €45M) from developer Urban Centric. The asset was purchased for the Fund by UK-based partner Catella APAM and Berlin-headquartered Catella Residential Investment Management (CRIM).

The world’s first ‘energy positive’ residential impact fund, which will invest a planned €500mln in Elithis Towers, designed to produce more energy than the building and tenants consume, across cities in France, has been launched by Berlin-based Catella Residential Investment Management (CRIM). The towers, developed by French sustainable building engineering and real estate developer Elithis Groupe, deliver both operational carbon neutrality and effective affordable rents through the elimination of domestic energy bills, hence increasing each household’s annual purchasing power.

Let's not fool ourselves: the fact that the transport, traffic, and logistics industry will continue to be systemically important is becoming clear to many people these days with a view to the geopolitical situation. The interruption and rerouting of transport flows will lead to a short-term increase in storage capacity, which already was a lesson from the first Covid year 2020. The focus here will be less on the “last mile” and more on the “nearshoring” functions. In sober economic language, this means: "Logistics will continue to be a dynamic growth market".

INREV has published a new "Net Zero" case study covering the Elithis Danube Tower in Strasbourg. The ESG case study explains Catella's strategic partner Elithis' approach to tackling climate change and achieving carbon neutrality in the real estate sector. Xavier Jongen, Managing Director of Catella Residential Investment Management, said: "The building is a two-edged sword. It does what it has to deliver and that at market price."

"Well, is there anything else coming up?" - a question that was recently asked frequently in the context of customer discussions at the beginning of the year. What is meant here is the impact of the pandemic on the office property markets. Of course, you must separate the rental and investment markets. To put it less analytically: we are feeling the first slight effects on the rental markets, but none on the investment markets.

A short version of the state of the European office investment markets would currently read: "Recovery, but". After almost two years of the pandemic, the office asset class is proving to be largely resistant to the crisis, but then comes the "but". At around €87.5 bn, the transaction volume in Europe in 2021 was up on the previous year (+4.1%), but still lags the pre-pandemic period (-28.2% vs. 2019, -15.3% vs. the 10-year average).

Berlin-based Catella Residential Investment Management GmbH (CRIM) has opened its first office in Vienna as assets under management in the Austrian market doubled to around EUR 500 million in 2021 over the previous year. The Vienna office will be responsible for the asset and technical management of the Austrian residential real estate portfolio and initially comprise a team of three people.

There is no question that we are on the right track in our efforts to achieve ESG-compliant buildings and neighbourhoods. As part of our Catella-ESG-Monitor, we record, document and optimise indicators such as fresh water quality, water consumption of outdoor facilities, land use, exterior insulation materials, sewage pipes, right down to flooring materials (interior and exterior) and the prevention of thermal energy loss from windows. Sounds impressive right? It is, especially when the scaling effects occur after a few quarters. Put more simply: Those who have started early with the time-consuming collection of data, directly or based on energy performance certificates, can carry out the "roll-out" to the portfolio more quickly.

Berlin-based Catella Residential Investment Management (CRIM) has acquired residential properties in Dresden and Krefeld for a total of c. EUR 40 million under a mandate from one of Germany's largest cooperative banks. The transaction lifts the AUM for the bank managed by CRIM to over EUR 100 million and at least EUR 300 million is planned to be invested in residential assets, with a focus on affordable housing, in Germany under the mandate over the next two years. The ‘Quartier am Mozartbrunnen’ development in Dresden was acquired from a joint venture between GAMMA IMMOBILIEN-Besitz und Beteiligungs-GmbH and AKTIVA Bauträger GmbH. The ‘Alte Seidenweberei’ property in Krefeld was acquired from a pension fund.

Munich, 27th January 2022: Catella Real Estate AG (CREAG), Munich, acquired the main distribution center and headquarters of Potmaat Group in Uden, the Netherlands, for the "Catella Logistik Deutschland Plus Fund". The newly built property counts with approximately 23,760 m² logistics property in the Loopkant-Liessent industrial park, located in the southeast of Uden. The transaction was structured as sale & leaseback, whereby Adezz B.V. signed a 15 year non-breakable ROZ triple net lease for 100% of the property until 2036.

You may know this from various business meetings: The goal is clearly defined, but the path is diffuse – full of risks but with plenty of opportunities. On top of that: If you have no experience routines to fall back on, it becomes clear: Building certificates make only a very small contribution to this, as the real estate industry is now forced to admit.

Munich, 25 January 2022: Catella Real Estate AG (CREAG) has acquired "Le Malraux" office building in Levallois Perret, which measures around 4,415 m², from Amundi Real Estate for the "Sarasin Sustainable Properties - European Cities" (SSP) sustainability fund. The SSP fund is a product of CREAG in cooperation with Bank J. Safra Sarasin Ltd. The current acquisition increases the fund's assets under management to over EUR 700 million.

The Catella European Residential Fund (CER) has made its first venture into the emerging Portuguese institutional investment market for student housing with the acquisition of an asset in the municipality of Cascais, just to the west of Lisbon, for €15.5 million and with a 99-year leasehold. Berlin-based Catella Residential Investment Management GmbH (CRIM) as investment manager and Munich-based AIFM-platform Catella Real Estate AG were advised by Catella AM Iberia S.L. on the transaction. The vendor was Value One Holding.

Pan-European Investment manager Primevest Capital Partners (Primevest CP) has purchased ‘Elisabethgarten’, a 7,800 m² residential development in Hildesheim, on behalf of a German pension fund for €30 million. Catella Property Consultants acted as advisor to the vendor, developer THI Holding GmbH & Co. KG.

Munich, 20 January 2022: Munich-headquartered Catella Real Estate AG (CREAG) in cooperation with Maastricht-based Catella Investment management Benelux (CIMB) have acquired a mixed-use complex at the prestigious Louise district  Brussels. The complex was acquired on behalf of the individual mandate of the “AVW European Real Estate Fund”, a special fund launched at the end of 2020. The seller of the property, which is fully leased, is Securex VIE AAM and Securex Accidents du Travail Caisse Commune.

Munich, 13th January 2022: Catella Real Estate AG (CREAG) has purchased an affordable and sustainable residential development in Nieuwegein, the Netherlands, together with its sister company Catella Investment Management Benelux (CIMB) . The acquisition was completed through a forward funding agreement with Fresch Real Estate on behalf of Catella’s Sarasin Sustainable Properties - European Cities Fund.

10th January 2022: Maastricht-based Catella Investment Management Benelux (CIMB) and Munich-headquartered AIFM platform Catella Real Estate AG (CREAG) have acquired a residential development in Arnhem, in the east of the Netherlands, for €26 million. The asset was purchased on behalf of the Catella Dutch Residential Fund II from VERDI-STAETE LIVING B.V. Construction will start in January 2022 and is scheduled for completion in April 2023.

The first pan-European ‘dark green’ residential impact fund, Catella European Residential Fund III (‘CER III’), to achieve the highest level of sustainability under the EU’s SFDR Article 9 certification hit more than €750 million in AUM at the end of 2021, after acquiring a senior living property in Brussels for over €50 million from Bassem Certificates SA, a real estate company managed by the Belgian Bank Degroof Petercam.