Catella Investment Management completes the acquisition of two new buildings with 154 modern apartments in Hanover, Germany

A total of 154 residential units–including 102 privately financed apartments and 52 subsidized apartments– as well as six commercial units and a daycare centre with a lettable area of around 12,060 square meters were built in accordance with the KfW-55 standard on the plots in the Kronsrode development area in Hanover. The buildings were completed by the end of 2024 respectively in the first quarter of 2025. The mobility concept includes numerous bicycle parking spaces with e-bike charging facilities, 148 car parking spaces on the site, optimal public transport connections and car-sharing services.

Michael Keune, Managing Director of CIM, explains: “The funds are investing in an efficient building structure with attractive floor plans in a green, family-friendly district with a high quality of life for many people in the Hanover growth region.”

Benjamin Rüther, Head of Fund Management Residential at CIM, adds: “The project in Kronsrode convinces with excellent connections to the city center and an efficient public infrastructure consisting of daycare centers, schools, restaurants and good local amenities. The proportion of social housing promotes the neighbourhood’s social mix and cohesion”

Kronsrode is located on the south-eastern outskirts of Hanover and is connected to the road network via the A37 and A7 highways and the B6 and B65 federal highways. The Stockholmer Allee and Krügerskamp subway stations are just a few minutes' walk away. Subway line 6 takes residents to the city center in around 20 minutes. There are several easily and quickly accessible supermarkets in the immediate vicinity.

Due to the numerous individual measures, the development fits in with CER's ESG strategy. A double-shell masonry with insulation in the cavity and a district heating system reduces energy consumption. The promotion of sustainable and social mobility through car sharing, cycle paths and parking spaces with e-bike charging stations are exemplary for the consideration of environmental and social aspects, while the promotion of diverse and inclusive culture in the management and use of the building touches on the aspect of governance.

About Catella Investment Management GmbH (CIM)

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, as amended, in combination with the information for semi-professional and professional investors, pursuant to Section 307 (1) and (2) of the German Capital Investment Act (KAGB) as amended. 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 information for semi-professional and professional investors pursuant to Section 307 (1) and (2), KAGB, (including a description of the material risks), the investment conditions, the key information document and the most recently published annual report, each as amended, are available in paper form from Catella Real Estate AG, Alter Hof 5, 80331 Munich, or can be retrieved electronically under www.catella.com/aifm.