Catella Investment Management acquires newly built residential property with 37 units in Berlin

The six-storey building comprises 37 apartments with a total living space of around 3,000 square metres. The two- to four-room apartments range in size from 55 to 110 square metres. Each apartment features a private outdoor space – balcony, loggia or roof terrace – and underfloor heating. In addition, each apartment is equipped with a fully fitted kitchen. There is an underground car park with 21 parking spaces in the basement. The property also offers 106 bicycle parking spaces. Completion of the apartment building is scheduled for the end of 2025.

Michael Keune, Managing Director of CIM, explains: " With this purchase in Berlin-Lichtenberg, we are investing in a modern, energy-efficient residential project in one of Berlin’s most neighbourhoods for Catella European Residential. The fund deliberately focuses on energy-efficient new buildings in established urban districts with a high quality of living and a stable rental market environment. The acquisition underscores our strategy to secure high-quality, ESG-compliant residential assets in dynamic urban locations for the long term."

The building meets the EH 55 energy efficiency standard (KfW 55) and is connected to the local district heating network. A photovoltaic system on the roof covers part of the energy requirements. Around half of the apartments are barrier-free. The underground parking spaces are pre-fitted with cabling for future electric vehicle charging points.

Benjamin Rüther, Head of Fund Management Residential at Catella Investment Management, says: "The apartment building impresses with its quiet yet well-connected location in the heart of Lichtenberg. In recent years, the Weitlingkiez neighbourhood has developed into one of the most sought-after residential areas in eastern Berlin, characterized by a lively community, Wilhelminian-style architecture, and a diverse infrastructure. The project offers exactly the blend of urban living and sustainable construction that makes Berlin such an attractive place to live."

Tim Obermann, Head of Project Development Berlin at OTTO WULFF, says: “The Weitlingkiez is one of the most exciting neighbourhoods in eastern Berlin – characterized by an established community, excellent public infrastructure, and direct train connections to Alexanderplatz. For us, this was a special project because we are creating modern living space that integrates harmoniously into the historic Gründerzeit surroundings, becoming part of the identity of the popular neighbourhood around Archenholdstraße. Barrier-free designs, sun-filled south-facing balconies, and a beautiful courtyard complete the concept. We are pleased about the sale of the project to Catella. With them, we have found a partner who values the quality of the location and its long-term potential just as highly as we do.”

The Weitlingkiez neighbourhood is located in the eastern part of Berlin in the Lichtenberg district. Lichtenberg’s S-Bahn and U-Bahn station is an eight-minute walk away, providing quick links to both eastern and western parts of the city centre as well es to BER Airport. There are also bus and tram connections. The neighbourhood has numerous shopping opportunities, cafés, pharmacies, doctors' offices, schools, and daycare centres. The nearby Berlin Zoo and several parks and playgrounds offer additional leisure and recreational opportunities.

About Catella Investment Management GmbH

Catella Investment Management GmbH (CIM) is an independent and entrepreneurial real estate investment advisor for funds and mandates with assets under management of approximately EUR 10 billion. As a subsidiary of the Stockholm-based Catella AB, CIM advises more than 25 mutual real estate funds and special real estate funds as well as several mandates across 15 European countries, with a focus on residential, mixed-use, parking, and logistics properties. CIM provides (advisory) services in research, portfolio management, acquisitions, disposals, and asset management. The company operates offices in Berlin, Munich, and Vienna.

Notes:

This is a marketing communication. It serves information purposes only and constitutes no investment advice, no investment recommendation, no offer and no invitation to buy or sell investment products. The information provided is not suitable to serve as basis for making a concrete investment decision. It includes no legal or tax advice. Disclosure of the information constitutes neither a contractual obligation nor any other liability towards the recipient or any third party. This marketing communication is not part of the legally required sales documents of the investment fund discussed in this marketing communication. Fund units are sold exclusively on the basis of the fund’s investment conditions in conjunction with the currently valid sales prospectus. The decision to invest in the fund discussed in this marketing communication should take into account all characteristics and objectives of the fund as described in the legally required sales documents. The sales prospectus (including a description of the material risks), the investment terms, the key information document, and the most recently published annual report are each available in their current versions in paper form from Catella Real Estate AG, Alter Hof 5, 80331 Munich, or can be accessed online at www.catella.com/aifm.