Catella MAX

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.