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2022-06-14 7:52 CET, Europe, Benelux, Germany | Property Investment Management | Press release

Catella Residential Investment Management appoints Paul van Stiphout as Fund Manager of pan-European residential impact fund

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.

Paul van Stiphout has nearly 20 years of experience as a Fund and Portfolio Manager. Most recently, he held the position of deputy fund manager & global portfolio manager at CBRE Investment Management. Prior to that, he worked for many years at APG Asset Management as senior portfolio manager private real estate, as well as at the Dutch doctors pension fund and the Dutch government's building agency, both as portfolio manager.

Xavier Jongen, Managing Director, CRIM, said: “We are delighted to welcome Paul van Stiphout, a very experienced real estate investment specialist, to manage our flagship impact fund CER III. With his international network and extensive understanding of the sector, we are confident he will help develop CER III to meet the highest ESG targets."

CER III has a diversified portfolio of investments encompassing around 30 properties in seven countries across Europe.

The fund aims to significantly reduce greenhouse gas emissions and also incorporates sustainable societal objectives in its investments. A penalty clause included in CER III’s management agreement means CRIM will donate part of its recurring management fee to a relevant impact-related United Nations charity, should the manager fail to meet the financial, environmental or societal objectives set for the fund. This strengthens the third ESG pillar - governance (G) - and links investor and fund manager interests in the fee structure.

Paul van Stiphout added: "I am very impressed with the successful development of the CER III fund within such a short space of time and its high ESG targets. I look forward to contributing my know-how to achieving the goals set out for the fund and to make a positive environmental  impact with our European team."

 

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 €6.5 billion across 11 European countries.

 

For more information, please contact:

Catella Residential Investment Management GmbH

Stine Zöchling

Head of Marketing and PR European Residential

Telefon: +49 (0)30 887 285 29 76

Mobil: +49 (0)151 544 51 005

stine.zoechling[ at ]catella-residential.com

Disclaimer:
This is a marketing release. It is for information purposes only and does not constitute investment advice, an investment recommendation, an offer or an invitation to buy or sell investment products. The information is not suitable for making a concrete investment decision on its basis. It does not contain any legal or tax advice. The provision of the information does not create any contractual obligation or any other liability towards the recipient or third parties. Shares may only be purchased on the basis of the currently valid Terms and Conditions of Investment in conjunction with the currently valid Sales Prospectus. The current version of the Sales Prospectus (including the Terms and Conditions of Investment and a description of the main risks) as well as the Key Investor Information Document and the last published (semi-)annual report are available in paper form from Catella Real Estate AG, Alter Hof 5, 80331 Munich, Germany, or can be downloaded from www.catella.com.