News and Press releases

Sure, winter is coming - but to warm the hearts of investors, we have once again taken a close look at the Nordic real estate markets. Because the real estate markets there currently embody what is in demand: stability, transparency and yield chances. The fact that the analysis is rather easy for us is thanks to our broad and deep market coverage as a company with Nordic roots. 

Catella IM Benelux (CIMB) has named Maurits Olde Meule as Managing Director with effect from 1 October. Olde Meule joined Catella in 2018 as Asset Manager and was promoted to Director of Asset Management in 2019, in which capacity he also became a member of the management team of Catella IM Benelux. He previously worked for CBRE as Commercial Manager, Asset Services.

The Catella Dutch Residential Fund II has acquired the Gerlachus residence in Maastricht for around €37 million from the Ferox Real Estate Group. The former Sint Gerlachus retirement home is being completely renovated and will provide 130 senior living homes in a prime location close to the centre of Maastricht. The first residents will move in this autumn, with the project expected to be completed by early 2021.

In the October issue of CREDI, the Main index increases from 40.4 to 55.3 as respondents consider the current credit sentiment revitalised in tandem with stable expectations going forward.

Catella acted as Renor Ltd’s exclusive financial advisor in the divestment of a newly developed historical office building and a share of a parking facility in the same Silkki block in the centre of Tikkurila. The buyer is Non-UCITS Fund Aktia Commercial Properties (AIF).

Catella advised in Wihlborgs' divestment of 21 properties in Malmö

Munich, 24 September 2020 - Munich-based investment manager Catella Real Estate AG (CREAG) has acquired The Bassin, a 159-apartment student housing complex in Maastricht, built on the initiative of Mulleners Vastgoed. The purchase was made on behalf of the Sarasin Sustainable Properties - European Cities fund (SSP), an institutional fund jointly managed by CREAG and Bank J. Safra Sarasin with AuM over EUR 500 million.

Munich-based investment manager Catella Real Estate AG (CREAG) has acquired The Bassin, a 159-apartment student housing complex in Maastricht, built on the initiative of Mulleners Vastgoed. The purchase was made on behalf of the Sarasin Sustainable Properties - European Cities fund (SSP),  an institutional fund jointly managed by CREAG and Bank J. Safra Sarasin with AuM over EUR 500 million.

In accordance with a press release on June 10, 2020, Athanase Industrial Partners ("Athanase") acquisition of 70 percent of the shares in Catella Fondförvaltning AB from Catella AB (publ) was subject to customary regulatory approvals by the Swedish Financial Supervisory Authority and CSSF in Luxembourg. All approvals have now been obtained and the acquisition has been completed.

Berlin, September 22, 2020 –Berlin-based Catella Residential Investment Management GmbH (CRIM) and Catella Real Estate AG (CREAG) have acquired a newly completed residential development in Helsinki for the Catella Wohnen Europa (CWE) Fund via their AIFM platform together with Catella Asset Management Oy. This takes the CWE assets under management in Finland to almost €100 million and the vehicle’s total AUM across European markets past the €1.0 billion milestone.

Berlin-based Catella Residential Investment Management GmbH (CRIM) and Catella Real Estate AG (CREAG), via their AIFM platform together with Catella Asset Management Oy, have acquired a newly completed residential development in Helsinki for the Catella Wohnen Europa (CWE) Fund. This takes the CWE assets under management in Finland to almost €100 million and the vehicle’s total AUM across European markets past the €1.0 billion milestone.

Leading firms in the real estate sector have yet again voted Catella’s market research as the best in Finland. Catella’s market research has been chosen as #1 in Finland now 14 times in a row.

Catella Residential Investment Management GmbH (CRIM) has appointed institutional investment sales specialist, Simon Günkel (43), as an Executive Director in the company’s Berlin office. Günkel joined CRIM on September 1, and will be responsible for institutional clients, including insurers and pension funds.

Uncertainty in the real estate debt market increased due to the Corona virus crisis.

Six months into the corona crisis much of the negative development has turned more positive. Will the markets continue to be saved by central banks' actions and is the summer's run in the equity markets sustainable, or are there threats out there? We gathered three of Catella's portfolio managers to discuss the outlook for the autumn of 2020 - Thomas Elofsson and Stefan Wigstrand from the fixed income side and Mattias Nilsson from the equity side.

Catella acted as OP Life Assurance Company Ltd’s exclusive financial advisor in the divestment of a historic landmark office property in the centre of Helsinki to global LaSalle Investment Management.

Record-strong first quarter followed by weak second quarter During the first quarter of 2020, the total transaction volume in Finland amounted to a record-high first-quarter volume. Due to the coronavirus crisis investment market activity decreased significantly during the second quarter.

Catella Property Oy acted as Senate Properties’ advisor in the divestment of its shares in Kiinteistö Oy Haapaniemenkatu 7-9 to a domestic investor.

Berlin-based Catella Residential Investment Management GmbH (CRIM) and Catella Real Estate AG via their AIFM platform have acquired two residential properties in Berlin and Hamburg for over €90 million on behalf of the Catella Modernes Wohnen Fund. The acquisitions boost the total investment volume of the fund to €300 million.

Christoffer Abramson has been appointed Chief Financial Officer and member of Group Management at Catella AB (publ). Christoffer most recently comes from a role as CFO at EF Real Estate Holdings in Boston.

The Maastricht-based Catella Investment Management Benelux (CIMB) andCatella Residential Investment Management (CRIM) have acquired anapartment building in the heart of Brussels on behalf of the Catella EuropeanResidential Fund III (CER III) for approximately € 25 million, making it the firstpurely residential acquisition made in Belgium.

Berlin-based Catella Residential Investment Management (CRIM) has acquired four standing assets in locations in, or close to, leading European cities including Brussels, Geneva and Berlin for approximately €60 million on behalf of the Catella European Residential Fund III (CER III). The deals follow a new equity raise of €125 million in April from a Dutch pension fund and German Institutional client and €55 million in August from two German institutional clients for the fund’s pan-European residential strategy which focuses on affordable housing and undersupplied sub-segments.

From the perspective of the capital markets, the European logistics market is seen as the winner of the pandemic in the medium to long term: the unstoppable "booming e-commerce", intensified by the side effects of an ever-increasing nationwide spread of working from home at the end customer level, but also as a result of the dramatic upheavals among department store providers in Europe, make this mixture a positive situation to investors. In operational terms, the first measurable effects of production relocation are now being felt, and with them a change in location within the European conurbations. All in all, the sector’s resilience and importance make "logistics" a strategic must-have investment at present.

Catella acted as an advisor to employment pension company Varma in the sale of Kiinteistö Oy Kuntotalo and in the sale of Lappeenrannan Kodinkeskus retail property.

Berlin-based Catella Residential Investment Management (CRIM) has significantly expanded the investment volume of the Catella European Student Housing Fund II (CESHF II) to almost €150 million with the acquisition of two student residences in Berlin and Greater Paris for approximately €60 million.

Investors represented by Cobbleyard Real Estate and Revcap have divested two modern office properties located in the Hervanta office area in Tampere to a fund managed by Quadoro Investment Gmbh.

Catella Research has again analysed the European office real estate market in a total of 37 locations in 18 countries. Despite the ongoing corona pandemic, the transaction volume in office real estate in the countries analysed by Catella has remained relatively stable at a total of approximately €39.7 billion. Compared to the previous year, this represents a decline of only approx. 9%. The transaction volume in Luxembourg and Belgium rose disproportionately strongly with an increase of 119% and 115% respectively. In contrast, countries such as Portugal (-74%), Great Britain (-46%) and Ireland (-41%) recorded the sharpest declines.

Catella acted as Senate Properties’ financial advisor in the sale of a property, which comprises an entire block in the Helsinki city centre. The buyer is a Finnish real estate development company HGR Property Partners Oy.

redos institutional GmbH has acquired a specialist store in Kirchberg (Rhineland-Palatinate) for the fund "redos Einzelhandel Deutschland II" managed by Union Investment, which is let to a food retailer. The seller is Aspen Group. Catella Property acted as advisor to the buyer in the transaction.

One of the longest economic recoveries in modern time ended abruptly in March. This recovery driven by primarily economic policy, mainly monetary policy, ended as many countries imposed tough restrictions to limit the spread of the virus. The normal economic cycle since after the Second World War has been that economies grow until they reach their full capacity and then have had rising inflation that central banks then have had to fight with restrictive monetary policy. The economic outcome this time is very different and means a higher degree of uncertainty than previously in history.

The first half of the year was characterised by world changing events. After a calm start to the year, with a cautiously rising stock market during January and large parts of February, the following month turned into complete chaos. Thereafter we have seen some kind of normalisation even though the uncertainty remains high.

The Benelux investment management arm of international asset manager Catella will move into ‘La Fortezza’, a comprehensively refurbished office building on Avenue Ceramique in Maastricht in the southernmost province of the Netherlands, on 1 September. Catella Investment Management Benelux (CIMB) will occupy a space of approximately 356 sqm on the second floor of the complex which is located in the heart of a regenerated district and former site of a ceramics factory. Bayer Medical Care is a co-tenant in the building.

Panta Rhei Dutch Residential Fund, the German institutional-structured spezialfonds managed by Catella Real Estate AG, has sold a residential tower with 160 rental apartments in Rijswijk near The Hague to an investor for €42.5 million. Surrounded by water and foliage, the complex comprises a 21-storey tower and is located on Clavecimbellaan. Catella Investment Management Benelux (CIMB), the fund's Dutch investment advisor, was responsible for the transaction.

Dear Customer, Catella AB has made a decision to sell the majority of Catella Fund Management AB to Athanase Industrial Partner. In conjunction, Catella AB and Athanase have entered into a strategic partnership with the object to continue to develop and improve the customer offering, through Catella Fondförvaltning. The purpose is to create increased value for you as a customer through new innovative products, improved processes and an enhanced customer experience.

Berlin-based Catella Residential Investment Management (CRIM) has acquired student housing and general residential developments in Bielefeld and Bad Homburg in Germany for a total of €51 million, under a mandate for a southern German pension fund. CRIM’s investments for the client in this German ‘Spezialfonds’ institutional fund structure have now reached close to €700 million invested in four European countries.  

The project development company PIC REAL ESTATE acquired a commercial property in Nuremberg at the beginning of May 2020 with the support of the funding and investment manager Pegasus Capital Partners. Pegasus Capital Partners supports PIC REAL ESTATE in the transaction in the Franconian metropolis with mezzanine capital. It was agreed to maintain silence about the purchase price as well as about information on the seller. Catella Property acted as exclusive advisor to the seller in the transaction.

Ever since the financial crisis we have seen rising transaction volumes in the property market thanks to the strong growth in value that has taken place. We have also seen this being reflected in the public property companies share prices over a long period of time, not the least during last year with increases of approximately 60-70 percent on average. A lot has changed as a consequence of the Covid-19 pandemic both structurally in terms of behavioural patterns as well as the development of public property companies share prices. In a pod, together with Arvid Lindqvist Head of research at Catella Corporate Finance, we look into the development of the property market.

Munich, 19 May 2020. AEW, a leading global real estate investment and asset management platform, has completed the second disposal on behalf of Europe Value Partners (“EVP” or the “Fund”), its pan-European value add strategy. The office asset was acquired in December 2018 in a JV with Catella Asset Management Germany (CAM) and was sold to a private German investor.

Maastricht-based Catella IM Benelux (CIMB) has acquired a housing development in the Dutch town of Zeist, 7 km to the east of Utrecht, on behalf of the Catella Dutch Residential Fund ll, for approximately €18 million from Green Living Investments B.V. The completion of the development is expected by the end of 2020.

Catella has acted as M19 Invest Ky’s financial advisor in the arrangement of 15 million euro junior financing as a part of the refinancing of Isku Center in Lahti.

Catella Research presents a report on COVID-19 implications on the European Real Estate Markets.

Munich, 8 May 2020. Munich-based investment manager Catella Real Estate AG (CREAG) has added a new residential project in Rotterdam to the portfolio of Sarasin Sustainable Properties - European Cities (SSP).  SSP fund is a product of Catella Real Estate AG in cooperation with the Bank J. Safra Sarasin. The seven-storey Asterlo tower comprises 51 apartments and is located in the heart of Zuidwijk, a suburb in the south of the Dutch port city, close to the Feijenoord soccer stadium.

Berlin-based Catella Residential Investment Management (CRIM) and Catella Real Estate AG (CREAG) have acquired two residential real estate developments in Berlin and Madrid via their AIFM platform for a total of €75 million. These two transactions increase the total investment volume of their Catella Wohnen Europa (CWE) Fund to over €975 million.

Munich, May 5, 2020 - Catella Real Estate AG (CREAG) has engaged Wolfgang Holzberger and is expanding its investment and fund strategy to include logistics and industrial real estate: As of May 2020, the 50-year-old Holzberger will take over as Head of Logistics Investment Management, building up a logistics team at the Munich-based investment manager.

Munich, May 5, 2020 - Catella Real Estate AG (CREAG) has engaged Wolfgang Holzberger and is expanding its investment and fund strategy to include logistics and industrial real estate: As of May 2020, the 50-year-old Holzberger will take over as Head of Logistics Investment Management, building up a logistics team at the Munich-based investment manager.

Catella Asset Management Oy acted as Mutual Pension Insurance Company Varma’s advisor in the sale of a property in Metsälä, Helsinki. The lettable area of the asset is ca. 3.200 square metres. The total transaction price was ca. € 3 million.

The current corona pandemic has impacted many investors, and Catella Hedge is one of many market participants that has had a rough ride in the volatile market. But there are good foundations for a comeback, Catella portfolio managers tell during a Catella Fonder podcast.

Many investors have taken the view that residential property will be more resilient to the impact of the Covid-19 outbreak than other asset classes, and the sector has continued to be relatively busy, with a number of large deals being completed in recent weeks, Xavier Jongen, managing director at Catella Residential Investment Management (CRIM), told a webinar hosted by REFI Europe last week. CRIM has itself been raising capital, he noted, adding that investor appetite for residential assets remains strong. “We’ve raised a little more than €300 million in the last four weeks and inflows precisely matched our expected pipeline, despite the current crisis.” Affordable housing was already a big topic before the outbreak of the coronavirus crisis and Jongen believes that focus will intensify as a result of the pandemic which has put the spotlight on the needs of nurses, police, public transport employees and other low-income front-line workers. But although residential is being seen as a safe haven, it is not all plain sailing for the sector, he added, pointing out that the distribution channel of the crisis affects residential cash flows. “The pandemic will prompt a re-evaluation of approaches to affordability and sustainability, but also to co-living,” he concluded.

Catella acted as an advisor to a private owner in the divestment of an office property in the address Laturinkuja 6 in the Vallikallio area in Espoo.

Catella Fonder ("Catella") has had an increased focus on sustainability during the last years. We have taken a number of small steps that together lead to a big leap. Today sustainability is a natural part of our daily work and in our all products. We have a common base in what we avoid and what issues we focus on in our investment decisions and in our owner dialogues with the companies.

Berlin-based Catella Residential Investment Management’s (‘CRIM’) CER III Fund has received €125 million from two new institutional investors; €100 million from a large Dutch pension fund and €25 million from a leading German fund manager, bringing its total capital commitments to €235 million. These latest commitments bring the Fund closer to its mid-term target of €1 billion in assets under management on the way to establishing a multi-billion open-ended investment vehicle across European residential real estate markets. The successful double-signing follows a first close in May 2019 when CRIM’s maiden pan-European residential fund opened to international investors. CRIM already manages the €1.5 billion Catella European Residential Fund and €900 million Catella Wohnen Europa Fund open to German investors in comparable strategies.

Berlin-based Catella Residential Investment Management (CRIM) and Catella Real Estate AG (CREAG) via its AIFM platform, have acquired three innovative residential projects in Vienna and Vitoria, northern Spain, and Hamburg for approximately €147 million. Together, the three transactions boost the total investment volume of their flagship Catella European Residential (CER) Fund to around €1.5 billion.  

Berlin-based Catella Residential Investment Management (CRIM) and Catella Real Estate AG (CREAG) via its AIFM platform, have acquired three innovative residential projects in Vienna and Vitoria, northern Spain, and Hamburg for approximately €147 million. Together, the three transactions boost the total investment volume of their flagship Catella European Residential (CER) Fund to around €1.5 billion.

Catella acted as private investor’s financial advisor in the purchase of an office property in the Tampere city centre. The seller of the property was another private investor.

In the April issue of CREDI, the Main index decreases from 49.5 to 33.7 indicating the worst credit market sentiment since the inception of CREDI in 2012. Meanwhile, market capitalisation for property equities decline sharply as investors fear Covid-19 outbreak.

Catella Hedgefond aims to deliver a return over time of around 3-5 percent, at current interest rates. Over time, the risk should be below 3 percent measured as standard deviation and the return should be generated regardless of market performance.

The economic phase that lies ahead of us will undoubtedly become more volatile and recessive, and analysts will again discuss the "V", "U" or "L" formations that pictorially describe this economic environment in the coming weeks. We also like to work with pictures and have therefore analysed the German office property markets again in our Office Market Map 2020. 

yet it is debt that is now crushing many companies and corporate valuations. World equity markets are being battered by turbulence of historical magnitude, and there is a huge flow of information about the decline. The news is largely dominated by the stock market, and events in the fixed income market are not being scrutinised to the same extent. Most investors are also a little less familiar with how this part of the securities market actually works, especially during times of crisis like this. We will highlight some of the challenges that the fixed income market is facing, as well as the opportunities that follow in the wake of a crisis.

It has been only just over two weeks since we wrote our comments on February, but it feels more like two years! Concerns about the spread and impact of the coronavirus have accelerated day by day and, despite being met with both monetary and fiscal stimulus, the world's stock markets have stuck to their trajectory - downward.

It was only a month or so ago that positive figures were released showing unemployment in the EU and the US was lower than for many years, and the stock market sentiment for 2020 remained upbeat. Few people regarded the coronavirus, which had already impacted China, as a major threat to the market. The uncertainty today is extremely high, to say the least, and the consequences of the coronavirus are difficult to exaggerate.

The world around us is currently changing dramatically, but continuity should also determine our future actions. One component of our claim to information on the markets for you is to continue with what is tried and tested. Once again, Catella Research has analysed the commercial residential real estate market of 59 cities in 19 European countries. 

Catella Asset Management Iberia has advised on the purchase of two buildings for the residential rental market for 25 million euros on behalf of the Fund "Catella European Residential" (CER), managed by Catella Residential Investment Management (CRIM). 

Much, perhaps too much, is currently being written about the German residential real estate markets, but with less substantial content. With our annual residential property map on rents & yields at 81 locations, we would like to contribute a little more substance in the form of figures & values to the charged discussion on rent caps & co.

Maastricht-based Catella IM Benelux (CIMB) has acquired three fully-leased converted Edelwonen housing developments in the Dutch towns of Nieuwegein, Dordrecht and Rijswijk, on behalf of the Catella Dutch Residential Fund ll, for a total of €52 million from developer de Bouwhuis Group. The purchases are in line with Catella’s strategy to expand its presence in sub-segments of the residential market including housing for young professionals, starters and (international) students to support growing demand.

In a particularly shaky market situation, and with great concern among investors, the world's stock exchanges have recently fallen steeply.Catella Fonder brought together Thomas Elofsson, from the fund company's fixed income management, and Anders Wennberg, from the equities side, to try and provide some clarity on the current scenarios.

In spite of the initial reports of the outbreak of the COVID-19 virus in China, Nordic stocks (MSCI Nordic total return) began February with particular strength and were up 6% at their peak, primarily driven by a positive reception for the majority of the interim reports.

Munich, 05.03.2020 Catella Real Estate AG has acquired a residential and commercial building in the city centre of Fürth for its special fund "Catella Bavaria", which focuses on the state of Bavaria. The special fund, which was launched at the end of 2016, now manages assets under management with a value of more than EUR 100 million.

Autokiinteistöt Laakkonen Oy has sold seven car retail properties to Swedish real estate investment company Fastighets AB Balder. Properties are located in Tampere, Lahti, Kuopio, Joensuu, Hämeenlinna and Hyvinkää. The total lettable area of the properties is approximately 50 000 square meters of which almost 40 percent is in Tampere. All of the Properties are let to K Caara.

Catella APAM and Patron Capital have completed the sale of its holding in Arlington Business Park, Theale to CapitaLand for £129.25 million.

Catella acted as Oy Matkahuolto Ab’s financial advisor in the divestment of a property portfolio consisting 13 assets in several locations across Finland. Most of the assets are commercial premises in travel centres and bus stations. The buyer is a group of private investors.

Catella Corporate Finance Stockholm AB acted as advisor to Skanska Fastigheter on the divestment of the Solna United office property in Arenastaden.

Catella acted as an advisor to a company managed by FinCap in the sale of private clinic and hospital property in the city centre of Pori. The property is fully leased to Mehiläinen with a long lease agreement. The buyer is Evli Healthcare I Ky, which is a healthcare fund managed by Evli Fund Management Company.

Berlin-based Catella Residential Investment Management (CRIM) has significantly expanded the portfolio of the Catella European Student Housing Fund II (CESHF II) with three acquisitions of student residences in Austria, France and Spain totalling €55 million.

Once again, a look back at the outstanding performance of the real estate markets meets an economy that has been running smoothly so far in the first quarter of 2020, but also shows signs of a more cautious approach.

Riskinformation EN SSAB is facing a major transition. The company, which until now has emitted the most carbon dioxide in Sweden, is to become carbon neutral. Key to this will be a complete change in the way its steel is manufactured. This was revealed when SSAB CEO Martin Lindqvist joined the Catella Fonder podcast together with Nordea sector analyst Christian Kopfer and Catella Fonder fund manager Martin Nilsson.

Risk information With less than two months left, 2019 has so far been a really strong stock market year. The Stockholm stock exchange’s broad OMXSPI index is up around 25 percent since the start of the year, and among the gems that have sparkled especially brightly are the market’s many small companies. How does Catella Småbolagsfond go about picking its stocks, what does a well-composed portfolio look like and, not least, which sectors and companies are particularly hot right now and for 2020? Forest products, selected health care and technology, and really good corporate management and reliable owners – this is a brief summary of the wish list of Martin Nilsson and Henrik Holmer, the managers of Catella Småbolagsfond.

In recent months, we have been reading a lot about increasing geopolitical risks on the markets. This is how it is felt, or at least this impression is reinforced, if you read the headlines superficially. Are the risks really getting bigger?

The Berlin-based Catella Residential Investment Management GmbH (CRIM) has expanded the portfolio of the Catella Modernes Wohnen mutual fund to 8 properties via the KVG platform Catella Real Estate AG (CREAG) by purchasing a project development in Braunschweig for EUR 20 million. Catella Modernes Wohnen focuses on modern forms of living in German and European growth regions.

Investment market still active Property trade’s transaction volume remains strong despite last year’s decrease from 2018 to circa EUR 6.3 billion. This is partially because there were no billion-euro transactions in 2019 as opposed to previous years. However, international investors continue to find Finland still attractive. In 2019, Finland gained property investments worth EUR 3.1 billion, which is circa 49% of all investments.

Catella acted as OP’s Real Estate Fund Finland III Ky’s advisor in the sale of a residential development property in Helsinki inner city.

Niam and Catella Asset Management have agreed to co-operate in the sales and leasing management of Nordic Tower Properties portfolio owned by Partners Group and managed by Niam. The portfolio consists of 42 properties owned by five different companies with a total leasable area of over 155,000 m². The portfolios assets are located in growth centers and smaller locations around Finland. Catella Asset Management will be responsible for the development of the assets according to business plans, as well as sales and leasing in the coming years.

Catella Corporate Finance has acted as exclusive financial advisor to NREP within strategic debt advisory. The mandate has comprised a market study and subsequent successful raising of alternative debt financing.

Berlin-based Catella Residential Investment Management GmbH (CRIM) achieved an overall performance of 11.3% in 2019 for its specialist-focused  European Student Housing Fund (CESHF), an open-ended investment vehicle  for institutional investors. The strong investment returns last year were generated through an active portfolio management strategy. That included the sale of a property in Dresden for a significant capital gain and the acquisition of an asset in Vienna, which added a sixth country to the Fund‘s international portfolio.

The stock market defied gravity in 2019 and rose by almost 35 percent, which is the highest annual return in 10 years. Climbing a wall of worry is an old saying on Wall Street that describes how a strong stock market can handle or even be spurred on by bad news. This describes 2019 very well. 

Riskinformation EN The stock market defied gravity in 2019 and rose by almost 35 percent, which is the highest annual return in 10 years. Climbing a wall of worry is an old saying on Wall Street that describes how a strong stock market can handle or even be spurred on by bad news. This describes 2019 very well. The end of 2018 struck a dull note as stock exchanges fell steeply right up until Christmas, and the market worried about a slowdown in the global economy on the back of a trade war and rising interest rates. However, thanks to a U-turn by the Federal Reserve in a very final days of 2018, a striking reversal of the trend set the scene for a fantastic year for stock markets.

Catella acted as Nordika’s advisor in the acquisition of a landmark office property in the Helsinki inner city.