Berlin-based Catella Residential Investment Management GmbH (CRIM) and Munich-headquartered AIFM platform Catella Real Estate AG (CREAG) have sold a German-Dutch residential real estate portfolio to ZBI Group. The portfolio was sold on behalf of the Catella European Residential and Catella Wohnen Europa funds.
The portfolio comprises 26 properties in Germany and eight in the Netherland offering some 4,000 apartments with a total rental area of around 256,000 m².
Michael Keune, Managing Director at CRIM, commented: “We are pleased to have successfully completed this disposal with the ZBI Group which is in line with the CER and CWE funds’ strategy to streamline their respective portfolios."
CBRE GmbH advised on the transaction while REIUS Rechtsanwälte Partnerschaft mbB provided legal consulting.
About Catella Residential Investment Management GmbH (CRIM)
Catella launched its first European residential fund in 2007 and its first dedicated European Student Housing Fund in 2013. CRIM is a subsidiary of the Stockholm-based Catella AB Group, and its residential real estate business comprises portfolio management, acquisitions, sales and asset management. CRIM manages and advises several funds and mandates and has assets under management of more than €7 billion across 11 European countries.
For more information:
Catella Residential Investment Management GmbH
Head of Marketing and PR European Residential
Office: +49 (0)30 887 285 29 76
Mobile: +49 (0)151 544 51 005