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2020-02-11 8:00 CET, Germany | Property Investment Management | Press release

Catella Modernes Wohnen acquires serviced apartments in Braunschweig

The Berlin-based Catella Residential Investment Management GmbH (CRIM) has expanded the portfolio of the Catella Modernes Wohnen mutual fund to 8 properties via the KVG platform Catella Real Estate AG (CREAG) by purchasing a project development in Braunschweig for EUR 20 million. Catella Modernes Wohnen focuses on modern forms of living in German and European growth regions.

The fund's portfolio already includes serviced apartments, co-living properties, senior housing and student housing, thus providing affordable housing for students, young professionals, senior citizens and commuters. With the 128 serviced apartments in the "Quartier Berliner Straße", the fund is strengthening its main location in Germany in the top European location for research and development: Braunschweig. KAPPE Projektentwicklung GmbH is responsible for the development of the quarter. The operator of the residential complex is ipartment GmbH, which already manages a comparable residential complex in Wolfsburg for Catella Modernes Wohnen.

In total, Catella Modernes Wohnen has acquired 8 properties for 170 million euros in the 3 countries Germany, France and the Netherlands. In addition, 3 further properties with a total investment volume of 90 million euros are currently under review.


About Catella Residential Investment Management GmbH (CRIM)
In 2007, Catella initiated its first European housing fund with a volume of over one billion euros. Since its launch until the end of December 2019, the fund has achieved an average net return for investors of 8.3% per year. The first specialised European Student Housing Fund was launched in 2013.
 
CRIM is a subsidiary of the Swedish Catella AB in Stockholm. Its residential real estate business includes consulting services in the areas of portfolio management, acquisition and sales, and asset management. The company manages and advises several funds and mandates with assets under management of approximately EUR 4 billion in nine European countries.

 

For more information please contact:

Lisette van der Ham
Marketing & PR Manager
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


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