Top Deals in Germany
Office property, Munich, Leopoldstraße
Year of purchase: 2010
Year of sale: Q4/2021
Property fund: Catella MAX
Area: 3,400 m²
Total return p.a.: 49% after 10.5 years holding period
In the fourth quarter of 2021, the public investment fund Catella MAX successfully sold an office building with preliminary building permit for a complete core renovation with an additional storey.
Auf AEG, Nuremberg
Neighbourhood development, south-west site "Auf AEG" in Nuremberg
Acquisition year: 2019/ Q1 2020
Area: 35,000 m²
Investment volume: EUR 130 million
The revitalisation of a former industrial site into a modern quarter is in line with CREAG's sustainable investment approach. Likewise, the high-quality tenant mix in inner-city locations such as here in Nuremberg shows that in the current market phase, secondary locations such as Nuremberg also fit excellently into existing portfolios.
Retail Park , Augsburg
Purchase of Donauwörther Strasse retail park, Augsburg
Purchase year: 2021
Property fund: IWS II - Economic Region Southern Germany
Total lettable area: approx. 7,200 m² plus 314 car parking spaces
Gross yield: 4.2
The property is a retail park in the middle of the Augsburg-Oberhausen district, about 3 km north of Augsburg city centre. The property extends along the busy Donauwörther Strasse, which is the district's main artery and connects Augsburg's city centre with the Augsburg-Nord motorway junction. The retail park consists of two buildings, outdoor parking spaces and a central underground car park with a total lettable area of around 7,200 m² and 314 parking spaces.
Claudius-Keller-Str. 7, Munich
Area: approx. 6,700 m²
Special fund: Catella MAX
2021, Catella Real Estate AG was able to successfully realign the leasing situation at Claudius-Keller-Str. 7 in Munich within a very short time with two new and well-known tenants.
The Münchner Volkshochschule GmbH has already moved into all areas at the beginning of 2022 after a successfully completed expansion and the IU Internationale Hochschule GmbH has already moved into a first partial area at the end of 2021 and will successively expand and complete its location presence in the Claudius-Keller-Str. until 2024.
International Top Deals
Logist Hall, Uden (NL)
Purchase of logistics hall (Uden, Netherlands)
Purchase year: 2021
Total area: 23,800 m²
Gross yield: 4.7
Special fund "Catella Logistik Deutschland Plus" (CLD)
The newly constructed logistics property comprises an approximately 23,760 m² logistics property in the Loopkant-Liessent industrial estate, located in the south-east of Uden in the Netherlands.
The logistics property, which was constructed to a high standard in 2018 and expanded in 2020, has a total lettable area of 23,758 m², of which 21,437 m² is warehouse and logistics space, 884 m² is exhibition space and 1,437 m² is office space.
The building is designed and built to be sustainable and energy-efficient. With the help of photovoltaic modules installed on the roof, a large proportion of the energy required can be generated by the building itself, and the office space is certified with an A energy label. In addition to many social areas for the employees, the building also has a green façade.
Project Garden, Ballerup (Denmark)
Purchase of Project Garden (Ballerup, Denmark)
Transaction year: 2021
Total area 6,200 m²
Gross yield: 4.5
Investment fund: SSP - Sarasin Sustainable Properties - European Cities
Within the framework of a turnkey contract, Catella Real Estate AG has acquired a residential project in Ballerup, 16 km north of the Danish capital Copenhagen. The property consists of 77 flats with a gross lettable area of 6,209 sqm and 117 parking spaces. The flats of different sizes (from 63 to 120 sqm) are equipped with a kitchen and all have some kind of private garden, terrace or balcony. In addition, the property has a roof terrace that can be used by all tenants.
The project will be certified as DGNB Gold and handover is planned for the end of Q4/2022.
Acquisition "SHOW", Luxembourg
Transaction year: 2021
Area: approx. 9,000 m²
Gross yield: 5.0
Property fund: Sarasin Sustainable Properties - European Cities (SSP)
SHOW is a modern, sustainable office building in Luxembourg Howald that combines space, brightness and flexibility. It is equipped with the latest building standards and technologies.
The property is a new building that was completed in 2021. It consists of a ground floor, three upper floors containing exclusively office space, and two basement floors containing archives, kitchens, storage rooms, technical and service areas, and parking spaces. The total office space is 6,147 m², the total archive space is 2,420 m² and the number of parking spaces is 108. Each office floor has an average of 1,537 m².
The L-shaped building - which was built to high sustainability standards - features numerous sustainability measures, such as energy-efficient triple-glazed windows, LED lighting, integrated sun shades, a rainwater harvesting system and 10 charging stations for electric cars. Thanks to the high sustainability standards of the project development, the building is BREEAM Very Good certified and has a BIM.