News and Press releases

Catella Residential Investment Management GmbH (CRIM) has acquired a residential and commercial building with 54 apartments and two commercial units in Offenbach, on the eastern outskirts of Frankfurt, which are being redeveloped within a former medical centre.

Catella appoints Daniel Gorosch as new Managing Director of Corporate Finance Sweden. Current Managing Director Jacob Bruzelius will thereby whole-heartedly focus on the company’s successful offering within Debt Capital Markets.

Over the past decade, there has been a significant shift in the way we communicate, both in terms of the methods and platforms we use. This is especially true in the German property market, which has traditionally been known for its conservative approach. Property developers and consultants have been using traditional marketing methods, including communication policies, for much longer.  

Catella Residential Investment Management GmbH (CRIM) has acquired 49 affordable apartments extending over 4,154 sqm in four energy-efficient buildings in Düren, to the west of Cologne in North Rhine-Westphalia, from the Kloepfel Group, as part of a mandate from one of Germany's largest cooperative banks.  

Berlin/Munich, 9th November 2023 - The growing divergence between rising residential rents on huge unmet demand for homes and falling property values is continuing to widen in Europe’s €1.6 trillion* housing markets. The gap between rent and values shows no signs of closing, as the supply of new homes stutters and investors and owner-occupiers retreat in the face of steep financing rates and material costs, Catella’s Residential Market Overview Q3 2023 research report concludes.

Catella Corporate Finance France (CCF France) has appointed new management teams within its different subsidiaries in France; Catella Property, Catella Residential and Catella Valuation.

Catella acted as OP Life Assurance Company Ltd’s exclusive financial advisor in the divestment of a warehouse property in Tuupakka, Vantaa.

Munich, 31.10.2023 - Do you actually know the motto of the EU? "United in diversity" is the right answer. To be honest, that came to mind when we were looking at housing cost burden ratios in Europe.

Seestadt is providing positive impulses, also for the city centre. Instead of vacancy depression, a look ahead to the "new" Mönchengladbach. In Hindenburgstraße, an information point will provide information about the new neighbourhood and the largest climate protection settlement in the country, where vacancies have been a real eye-catcher up to now. Catella is asking other companies to follow its example and use other vacancies in Hindenburgstraße in a similar way, so that the strength and attractiveness of the city can be experienced when strolling through the city centre.

Europe is currently experiencing a turbulent economic environment. Traditionally, there is a high correlation between macroeconomic developments and the respective real estate markets. At present, falling housing permits, which are synonymous with growth and investment activity among private households, are becoming the focus of political, economic, and public attention: "too expensive," "too slow" and, above all, "too few”.

There is no question about it: "The" office remains an integral part of the modern working world, even after the Corona pandemic and the experience of "remote working". But the balance between the old working world and the new more flexible conditions, has not yet been found. Statements from corporates to traditional mid-sized companies do not create a clear picture. At the very least, it seems clear that the classic 100% presence - especially in service professions - will no longer exist.

The City of Helsinki is planning to sell Tennispalatsi located in Helsinki city centre to Niam. Catella acted as financial advisor to the City of Helsinki in the sales process.

In CREDI Q2 2023, the main index rose from the 2022 rock bottom back to the level seen one year ago.

A quiet first half on the transaction market. The transaction volume for the first half of the year 2023 was low and reached EUR 1.4 billion, which is the weakest H1 volume since 2013. During the first half of 2023, the most popular property type was residential portfolios, and industrial and logistics properties came second.

The portfolio comprises retail properties in Porvoo and Oulu. The financing for the portfolio was raised through newly established financing structure, that the fund is planning to use in future acquisitions.

Currently, hardly a day goes by without bad news from or about project developers. Industry experts assume that a noticeable share of 40 to 50% of developers will not survive the current crisis. Reason enough for "Der Immobilienbrief" to take a closer look at Catella Project Management, the Düsseldorf-based residential and office property developer that has been in business for 25 years.

Schroder Real Estate KVG sold Voimatalo, a landmark office property, in Kamppi, Helsinki. The buyer is Genesta. Catella acted as the seller’s exclusive financial advisor in the sales process.

Dusseldorf, 3 August 2023 – Catella continues to drive forward its projects, both in the residential and office segments. In and around Dusseldorf alone, around 4,000 new apartments are being built with the Grand Central, Duessel-Terrassen and Seestadt projects, and in the heart of the state capital, a new, modern and visionary office tower is being realised in Dusseldorf's prime location with the KöTower.

"Is this it for interest rate hikes?" This question has been addressed to us very frequently in recent days. The background is clear: The real estate industry has been in crisis mode - since the first interest rate hikes in June 2022. It wasn't so much the interest rate adjustment per se. More dramatic was the speed with which the ECB or the respective central banks in Europe steadily increased the key interest rate, driven by the authoritative goal of fighting the "height and persistence" of inflation. Put more simply, to bring it back down to a lower level.

There is no question that the European logistics markets are reorganizing. By this, we only superficially mean the yield adjustments for the respective properties. These have taken place because of the change in the interest rate landscape in 2022 to mid-2023 but have not yet been completed.

Soaring financing rates, elevated construction costs and an onslaught of environmental legislation herald a profound realignment of European residential investment valuations as a ‘decarbonisation tipping point’ approaches, Catella’s European Residential Vision 2023 research White Paper The Epsilon - Great Transformation of Real Estate Markets concludes.

Munich - 3rd July 2023 - The Corona pandemic showed that home office (mobile working) is an integral part of the modern world of working and is therefore still highly relevant for the office landscape in Europe. office buildings will continue to be part of the DNA of the modern working world. But at the same time, adjustments to (micro)locations, qualities and intensities of use are to be expected. The question is: Will Europe soon be sitting closer together, but in higher-quality spaces, working more efficiently overall, but at several destinations between downtown, co-working space in the in-between space and"at home".

The Catella Elithis Energy Positive Fund (CEEPF), the world’s first real estate investment vehicle to focus exclusively on energy-positive residential developments, has acquired 90 apartments and two office spaces in a tower project in Brest, Westcoast of France, for €26.7 million. The project is to be developed by French sustainable engineering company Elithis Groupe for Berlin-based Catella Residential Investment Management (CRIM), the manager of CEEPF, and is expected to be completed in Q2 2025.

Berlin-based Catella Residential Investment Management has appointed Marwin Weber as Fund Manager of its €1.25 billion capital commitment Catella European Residential Fund III (CER III), which is one of the largest pan-European residential investment vehicles.

Catella Poland are responsible for the project management for the renovation and extension works to the five-star Wyndham Wrocław Old Town hotel.

The Catella Elithis Energy Positive Fund (CEEPF), the world’s first real estate investment vehicle to focus exclusively on residential developments which produce more energy from renewable sources in operation than is consumed by the buildings and tenants, has acquired a 76-apartment tower project in Le Havre, northern France for €19 mln. CEEPF is managed by Berlin-based Catella Residential Investment Management (CRIM).

Catella Poland is responsible for the asset and property management of the building at ul. Pereca 11 in Warsaw’s business centre.

Kruunuasunnot Oy has agreed to sell over 1200 rental homes to global investment firm KKR.

Catella Poland provides asset and property management services for the Mistral Offices office complex in Warsaw.

Catella acted as MEKO’s exclusive financial advisor in the sale and leaseback of six warehouse and light industrial properties located in the Helsinki Metropolitan Area to real estate company AB Sagax.

22 May 2023 - In the major European cities, a very high demand for residential space continues to be observed even in the general market turnaround phase. This demand effect, caused by continuing urbanisation processes, in combination with a limited supply of living space, means that residential rents continue to show upward trends.

Catella European Residential (CER), the German public open-ended real estate fund, has acquired a 14,000 sqm waterfront development of 137 senior living apartments distributed across four buildings on Lake Zwenkau on the southern edge of Leipzig for approximately €50 million.

The turnkey contract was secured in May 2021 by Catella AM Iberia on behalf of the Sarasin Sustainable Properties - European Cities Fund, fund managed by Catella Real Estate AG. The building, already operational, is located in Ensanche de Vallecas (Madrid) and is managed by Catella AM Iberia, which has a portfolio in Spain of more than 2,300 properties in Madrid, Barcelona, Valencia, Seville, Pamplona and Vitoria.

28th April 2023 - Spain as an investment location - new Research Residential Report

Catella Wohnen Europa (CWE), the German public open-ended real estate fund, has acquired a development of 90 affordable and fully-serviced apartments for around €10,5 million in Bochum, in the most populous federal state of North Rhine-Westphalia. The residential project is targeted primarily at young professionals, offering tenants flexible short- and long-stay options. It is operated under the STAYERY brand.

Catella has appointed Gianluca Romano as Head of Capital Raising, starting his position in April. The new role emphasizes Catella’s ambitions to take the next step on the group’s profitable growth journey and be an attractive partner for investors globally.

CATELLA PROPERTY advised PEUGEOT INVEST on the sale of a property complex dedicated to logistics located at 175 rue des Caboeufs in Gennevilliers (92).

Robert Karlsson, current Director of Investment Management in Catella Asset Management (CAM) has been appointed as Managing Director of Catella Asset Management Finland. He will start his new position on 2nd May 2023.

On April 6th, the Catella Residential Partners team gathered 65 real estate actors for the first edition of its #CatellaResidentialPadelTour in a sporty and friendly atmosphere!

Since 2018, Catella has acted as advisor and asset manager for Varma Mutual Pension Insurance Company in the management and sale of a real estate portfolio of over 120,000 sqm. The properties were located in 18 different municipalities across Finland. The properties were mainly sold by individual transactions during the last five years, and the last property was sold in December 2022.

The German commercial real estate markets are in a turbulent environment. The ECB's interest rate turnaround in July 2022 ended the low-interest phase in the eurozone. Last year, the key interest rate was raised by 250 basis points in four steps, with a further 100 basis points added so far this year. Due to continued high inflation rates, at least one further interest rate hike by the ECB by the middle of the year is a realistic scenario. The significant rise in interest rates and the ongoing macroeconomic tensions and uncertainties are leading to restraint on the side of numerous players on the German real estate market. A significant reduction in dynamics on the transaction market by probably the end of Q3 2023 is therefore very likely.

Catella Wohnen Europa (CWE), the German public open-ended real estate fund, has acquired 67 affordable apartments, extending over almost 6,000 sqm, in eight energy-efficient wood-hybrid buildings in Pankow, Berlin’s most populous district located in the northeast of the city. The Falkenquartier development properties were purchased from property developer Falkowski Group and are due to be completed by Q4 2024.

Berlin-based Catella Residential Investment Management (CRIM) has appointed Alexandra Chevalier as Acquisition Manager of the Catella Elithis Energy- Positive Fund. The recently launched residential impact fund plans to invest €500 million in Elithis energy-positive residential buildings.

Antilooppi has divested an office property located at the address Takkatie 1 in the Pitäjänmäki submarket in Helsinki to Corum on 28 February 2023.

Catella Property Oy acted as the exclusive financial advisor to Senate-properties and SOK when they sold an office and logistics property located in Kuopio with a total area of more than 15,000 square meters.

French trade credit insurer COFACE has committed to the Catella European Residential III Fund, one of Europe’s largest cross-border residential investment vehicles with a strong focus on affordable housing and CO2 reduction.

Munich / Stockholm, 22 February 2023: Catella Real Estate AG (CREAG), Munich, is pleased to announce the sale of an office building in Stockholm’s central business district on behalf of the fund “Sarasin Sustainable Properties – European Cities”. The buyer of the property is DEAS Asset Management on behalf of Nordea Life & Pensions Sweden.

From a strong property market to uncertain times Year 2022 was a year of change that marked the end of a longterm strong property investment market. The change is due to the war in Ukraine, which rapidly increased inflation and eventually interest rates to a much higher level than had become the norm. Transaction market was really strong during the first half of the year, but an exceptionally radical turn took place in the summer, and the rest of the year was challenging in terms of property investments.

Munich, 15 february 2023

Eduardo Guardiola Osborne, CEO of Catella AM Iberia and Gabriel Fernández Dusso and Eduardo Pérez Sarasíbar, Investment Director and Investment Manager respectively, will be attending this year's MIPIM. If you'd like to meet up, please get in touch. Looking forward to catching up in Cannes!

The Catella Elithis Energy Positive Fund (CEEPF) is the world’s first real estate investment vehicle to focus exclusively on residential developments which produce more energy from renewable sources than used by the buildings and tenants. The fund has acquired a 64 apartment project in Mulhouse, north-eastern France, to be developed by its partner Elithis Groupe, the French sustainable engineering company.

Norway’s municipal and public health sector occupational pension company KLP, the country’s largest, and a group of Institutional investors, have committed close to €100 million to the first closing of the Catella Elithis Energy Positive Fund (CEEPF).

Munich, February 03, 2023 - Catella Real Estate AG (CREAG) and Orange Investment Managers are acquiring the parking garage "Weg beim Jäger" at Hamburg Airport with 1,178 parking spaces for the open-ended real estate special AIF "Catella Parken Europa“. The long-term tenant of the parking facility, which was built in 2012, is Q-Park, one of the largest private providers of parking spaces in Europe. The seller is Parken & Immobilien Invest GmbH Hamburg.

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Catella Finland has been a leading advisor in healthcare and public-use property transactions during 2021-22 in Finland. Catella’s market share was over 50 percent of the transactions accomplished by advisors and total volume of the transactions nearly 700 million euros.

   Munich, 25th January 2023