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2022-02-14 8:37 CET, Europe, Germany | Property Investment Management | Press release

Catella Residential IM opens office in Vienna as AUM in Austria doubles to EUR 500 million in 12 months

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.

Michael Keune, Managing Director, CRIM said: “In the past 12 months we have more than doubled the size of our portfolio in Austria from a standing start some four years ago, which demonstrates what an attractive investment destination the local residential market has proven to be. In 2021, we invested some EUR 250 million in cities across the country, including Vienna, Linz and Graz, in various residential market sub-segments including affordable, classic and student housing. Our new office demonstrates our confidence in the market and that we can continue the momentum of asset growth through our strengthened local network.”

The new Catella office is located in Vienna's city centre 1st district at Wipplingerstraße 23. The three-person Austrian market team includes:

  • Jacqueline Kleedorfer, Asset Manager, who joined CRIM in January, prior to which she worked in property management at CBRE Austria and ÖRAG Immobilien Gruppe, among others.
  • Christoph Schuh, Technical Asset Manager, who joins from ILF Consulting Engineers, where he was a Senior Project Manager, before which he worked at VAMED as Head of Engineering Indonesia.
  • Stephanie Dengg, European Residential Associate, who will work across various functions. Her previous experience includes roles as commercial project manager at CORESTATE Capital Group and as a consultant in the Valuation & Advisory division at Cushman & Wakefield.

CRIM will maintain its long-standing and successful cooperation in regard to transaction advice with its business partner Christian Chini, Managing Director of CONVIC GmbH.

Michael Keune concluded: “CRIM has always been committed to a local country presence when AUM growth means that hands-on management can make a significant impact on performance. With our new team on the ground in Vienna, CRIM can deliver a comprehensive service for its funds and investor clients and optimise the day-to-day running of the Austrian portfolio, which includes recent acquisitions such as the 400-unit residential development at Höchstädtplatz and the 350-unit Laaer Wald project, both in Vienna.”

 

About Catella Residential Investment Management GmbH (CRIM) 

Catella launched its first European residential fund in 2007, Catella European Residential, which now has €1.6 billion of assets under management. The team also launched the 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 €6.0 billion across 11 European countries. 

For more information, please contact:

Bellier Financial

Steve Hays: steve.hays@bellierfinancial.com

Emma Villiers: emma.villiers@bellierfinancial.com

T: +31 (0) 20 419 09 01

Wipplingerstraße 23, 1010 Wien