Catella Investment Management acquires residential complex with existing and new-build properties near Munich

The purchase includes three U-shaped apartment buildings built in 1960, offering nearly 3,400 square metres of living space across 52 units. In addition, a new building with 14 residential units and a total living space of approximately 1,200 square metres will be constructed on the interior of the property. In total, the residential complex will thus have 66 apartments and 62 parking spaces.

Michael Keune, Managing Director of CIM, explains: "With Catella European Residential, we are investing specifically in high-growth residential areas in Europe that combine a high quality of life, strong infrastructure, and steady demand. The purchase in Fürstenfeldbruck combines the upgrading of an existing portfolio through the systematic implementation of ESG measures with energy-efficient new construction and exemplifies our strategy to secure long-term, sustainable residential assets for our investors."

The existing buildings will undergo comprehensive energy-efficient renovation and be significantly upgraded to the KfW 55 standard. As part of the modernization, the facades will be fitted with a composite thermal insulation system (ETICS), balconies will be refurbished, triple-glazed windows will be installed, the basement ceiling and attic insulated, entrance and apartment doors replaced, and the stairwell will be renovated. Furthermore, the existing heating system will be replaced by a heat pump, a photovoltaic system installed on the roof, and the supply and disposal lines relocated from inside the building to the facade. The energy-efficient refurbishment is expected to take 12 to 14 months. The four-storey redensification building in the interior of the property is to be constructed in accordance with the KfW 40 standard. Completion is scheduled for the second quarter of 2027.

Benjamin Rüther, Head of Fund Management Residential at Catella Investment Management, says: "Fürstenfeldbruck offers an attractive combination of high quality of life, excellent infrastructure, and proximity to the state capital Munich. The local housing market is characterized by stable demand and steady value growth – ideal conditions for long-term residential investment. This also includes modernizing the existing portfolio in line with local possibilities, i.e., heat pumps or district heating, as well as modernizations that the age of the building allows. For example, the “piggyback system” can be implemented simply, cost-effectively, and quickly via the façade by relocating the supply and disposal lines from the time of construction. A key advantage for tenants, compared to conventional line renovation, is that bathroom use is only minimally affected. Maintenance, repair, and inspection are particularly easy to carry out from the outside during the life cycle."

The residential complex is located in an established residential area with mainly multi-family and single-family homes, as well as additional local amenities and services. There are supermarkets, bakeries, pharmacies, and numerous service providers nearby. Schools, daycare centres, and doctors of various specialties are available in the immediate vicinity. The B471 provides direct access to the B2 and the A8 and A96 motorways. The Fürstenfeldbruck S-Bahn station (S4) is just a few minutes away providing a direct connection to Munich Central Station.

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.

For further information:

Catella Investment Management GmbH

Stine Zöchling

Head of Marketing and Public Relations

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

Mobile: +49 (0)151 544 51 005
E-Mail: stine.zoechling@catella.de

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.