Catella Wohnen Europa

Catella manages the new European Residential Real Estate Public Fund.

Catella Wohnen Europa is an open-ended public real estate fund under German investment law for (semi-) professional investors and high-net-worth individuals.

The pursued objective is to construct a Residential Portfolio with a European Investment focus and the risk category core. Thereby the fund invests in selected European core markets like Germany, France, the Netherlands or Scandinavia. The fund will also consider investments in other European states such as Poland, UK / Ireland, Northern Italy and Spain.

The investment focus targets modern and affordable apartments with a stable cash flow as well as development and refurbishment projects. In order to minimize risk, acquisitions will comprise different properties in various markets and a consistent structuring of the Portfolio. Following the principles of sector diversification, the fund also invests in niche markets such as serviced housing, Young Professionals or micro flats.

Investment Opportunities		Investment Risks
High occupancy rate leads to stable net income in the coming years. The fundamental demand and supply-side factors for investments in the traditional and modern residential market in the European core markets are positive in the long term. The favorable demographic outlook and the trend in household size will ensure that demand for housing remains high, with a corresponding impact on price and value trends. Achieving stable returns through professional, local asset management.		Interest rate risk with regard to debt financing and liquidity investments. Limited return options due to legal deadlines. Property-related risks such as valuation, outstanding rental payments, occupancy rate. Completion of construction projects may be delayed or more expensive than assumed at the start of construction.

Fund facts

Target return BVI		3-4% p.a.
Geographical distribution		Europe
Real Estate		60-100% Apartment buildings max. 40% other housing
Investment style		Core
Target fund volume		EUR 750 million - 1 billion
Fund duration		Open-ended
Fund launch		February 2016
Minimum Investment		500.000 EUR
Legal structure		Open mutual fund according to German law (KAGB)
Open for capital commitments		Yes
WKN / ISIN		A141UZ / DE000A141UZ7
Clearstream-Compliance		Yes
Fiscal Year		01. July until 30. June