Berlin-based Catella Residential Investment Management has appointed Marwin Weber as Fund Manager of its €1.25 billion capital commitment Catella European Residential Fund III (CER III), which is one of the largest pan-European residential investment vehicles.
Marwin Weber was previously Fund Manager at PATRIZIA and was responsible for two core pan-European residential real estate funds (among others, PATRIZIA's European Residential Flagship Fund) and one German residential value-add vehicle. He was part of PATRIZIA's ESG Working Group for the implementation of the company wide ESG fund strategies and responsible for the implementation of the ESG strategy of the manager’s Residential Flagship Fund. Marwin completed a master’s degree in finance at the International School of Management.
Xavier Jongen, Managing Director, CRIM, said: “Marwin is an accomplished real estate fund management specialist and is the perfect choice to manage our impact fund CER III, which has achieved extremely strong and rapid growth with commitments from a range of European institutional investors since its inception in 2019. His extensive grasp of climate change and societal issues as they apply to the European residential sector will be absolutely critical as Catella addresses these challenges in our investment strategies and the decarbonization transition of real estate markets accelerates, as it will have to."
CER III has a diversified portfolio of investments encompassing around 30 properties in seven countries across Europe. The Fund integrates a significant reduction of greenhouse gas emissions from its properties and sustainable societal objectives in its investment mandate. Alignment of interests between Catella and institutional investors in CER III is achieved through incorporating a penalty clause into the management agreement whereby CRIM will donate part of its recurring management fee to a relevant ‘impact-related’ United Nations Fund should the manager fail to meet the financial or societal targets set for the fund.
Marwin Weber added: "The successful development and volume of capital commitments of the CER III fund within such a short space of time is impressive, along with its high ESG targets. I look forward to contributing my European residential 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 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 €7.5 billion across 10 European countries.
For more information, please contact:
Catella Residential Investment Management GmbH
Head of Marketing and PR European Residential
Telefon: +49 (0)30 887 285 29 76
Mobil: +49 (0)151 544 51 005