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Catella European Residential

(formerly: Bouwfonds European Residential)

The European Residential Property Fund.

The "Catella European Residential" (CER) (formerly: Bouwfonds European Residential) was a product of Bouwfonds Group under the overall responsibility of Catella Real Estate AG. Catella Real Estate AG and Bouwfonds Fund Management B.V., Hoevelaken/ Netherlands has agreed to terminate the outsourcing of the fund management (portfolio and asset management) as of 30 April 2018. Catella is now not only responsible for the fund administration but also for the fund management. Therefore the name of Bouwfonds European Residential has changed into Catella European Residential.

Catella European Residential is an open-ended public real estate fund under German investment law (Kapitalanlagegesetzbuch) aimed predominantly at institutional investors. It aims in particular at insurance companies, pension funds, pension schemes, foundations, funds of funds and high net worth individuals.

The fund aims to generate stable returns in the long term while minimising risk through the high diversification potential of the residential property markets, which are locally strongly uncorrelated. The investment focus is on apartment blocks, middle-market terraced and semi-detached houses in city centres, near-city locations and European metropolitan regions.  Senior citizens’ apartments and student accommodation are also considered. Property acquisitions will include existing real estate, development projects and refurbishment projects.

The investments target growth regions in Germany, France, BeNeLux nations and Scandinavia (90% of the portfolio). In a later phase, the fund will also consider investments in other states in the European Economic Area and Switzerland.

Fund Facts

Minimum Investment Amount   500.000 EUR
WKN / ISIN   A0M98N / DE000A0M98N2
Clearstream-Compliance   Yes
Fund Launch   27.12.2007
Fiscal Year   01. May until 30. April

Historical development


Date of distributionDistribution per unitTax-free portion (for units in private portfolios)

3. August 2020

0.40 EUR


2. September 2019

0.09 EUR


1. August 2019

0.10 EUR

1. August 2018 0.19 EUR -*
20. December 2017 0.11 EUR  3.64%
8. August 2016 0.36 EUR 23.9%
3. August 2015 0.34 EUR 79.4%
1. August 2014 0.35 EUR 51.9%
1. August 2013 0.30 EUR 29.2%
1. August 2012 0.29 EUR 31.5%
1. August 2011 0.32 EUR 36.7%
2. August 2010 0.28 EUR 28.6%
3. August 2009 0.37 EUR 23.0%
1. August 2008 0.03 EUR n/a


* The investment fund meets both the formal and the material requirements of section 20(3) sentence 1 no. 1 of the InvStG (in the version applicable since January 1, 2018). German private investors can therefore claim a partial exemption rate of 60% on distributions. 



Michael Fink

Managing Director Catella Residential Investment Management
Direct: +49 (0) 152 388 48 111