Catella MAX

Property Investments in the Munich metropolitan region

The Investment Management Company has terminated the management of the open-end public fund Catella MAX with effect as of lapse of 13 October 2026, pursuant to § 99 of the German Capital Investment Act (KAGB) in conjunction with § 18 of the General Terms of Investment.

As a result of the termination of the management of Catella MAX, the Investment Management Company has permanently suspended the issuance and redemption of fund units in the fund.

For the timing being the fund will continue to exist; however, the existing real estate portfolio will be gradually sold over the coming years. The proceeds from these disposals - less the repayment of loans, liabilities and any other costs to be borne by the fund - will be distributed gradually and equally among all Catella MAX investors in proportion to their respective participation in the fund.

 

The Catella MAX fund is invested in the economically strong metropolitan region of Munich. Preference was given to central locations and attractive developments. Depending on the type of use - including residential, office and retail - strategies were identified in which investments were prioritised.

The aim has been to achieve a high degree of diversification in terms of building type and tenant structure, which is reflected in the economic structure of the target region, at least in the commercial sector. There has also been the opportunity to invest in development and restructuring projects.

In line with the sectoral diversification, the fund is invested in existing residential properties in the mid-price category and in new construction projects in the residential sector in attractive neighbourhood developments. In addition, the fund focused on small and medium-sized office properties in good locations with medium to high standards and, where possible, small-scale lettability. City centre retail space, possibly also with restructuring and re-letting requirements, as well as other uses supplements the sectoral diversification.

Fund facts

   
WKN / ISIN A0YFRV / DE000A0YFRV7
Clearstream Compliance Yes
Fund Launch 24. February 2010
Fiscal Year 01. June until 31. May

Historical development

Distributions

Date of DistributionDistribution per unitTax-free portion (for units in private portfolios)
15 September 20260.35 EUR-*
26 September 20250.19 EUR-*
2 September 20240.48 EUR-*
1 September 20230.45 EUR-*
1 September 20220.65 EUR-*
1 September 20210.40 EUR-*
1 September 20200.40 EUR-*
30 October 20190.15 EUR-*
2 September 20190.29 EUR-*
3 September 20180.18 EUR-*
22  December 2017 0.07 EUR12.54%
12. September 20170.31 EUR51.38 %
1. September 20160.37 EUR48.64%
1. September 20150.40 EUR49.58%
1. September 20140.27 EUR52.07%
2. September 20130.32 EUR32.59%
3. September 20120.33 EUR32.88%
1. September 20110.37 EUR26.38%
1. September 20100.04 EUR 2.86%

* 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. 

Disclaimer

The information and data are provided on a voluntary basis and may not be sufficient or suitable to support an informed investment decision without further explanations and additional information, in particular the relevant sales documents of the investment fund (e.g. sales prospectus, basic information sheet). It is therefore recommended that investors also read the sales documents carefully before making an investment decision and, in particular, consult their investment advisor and tax advisor if they have any questions.

Contact us

Munich Office

Direct: +49 89 189 16 65 0
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