News and Press releases

The well-known residential research expert Dr. Lars Vandrei has assumed responsibility for the Research unit at Berlin-based Catella Residential Investment Management GmbH (CRIM) to drive forward the company's growth strategy. The appointment is effective from 1 September.

Leading firms in the real estate sector have yet again voted Catella’s market research as the best in Finland.

A record-high volume was achieved during the first half of 2022: EUR 4.4 billion. This is the highest volume achieved during the first half-year since the beginning of measuring in 2005. The most attractive segments were residential portfolios and healthcare and public sector which together formed more than half of the first half-year volume.

Berlin-based Catella Residential Investment Management GmbH (CRIM) and Munich-headquartered AIFM platform Catella Real Estate AG (CREAG) have sold a German-Dutch residential real estate portfolio to ZBI Group. The portfolio was sold on behalf of the Catella European Residential and Catella Wohnen Europa funds.

Catella European Residential III Fund (CER III) has acquired a residential development project in Zoetermeer, near The Hague for €55 million through a forward-funding transaction. The new-built high-rise in Zoetermeer city centre will offer 134 spacious apartments primarily targeting the substantially underserved affordable mid-range rental sector.

Munich, 05.09.2022

The CATELLA VALUATION team is strengthened with the arrival of Mathias Dunas as a Senior Valuer.

The property investment company CTV Properties AB has sold its last asset from the logistic and light industrial portfolio of 29 assets it acquired in November 2016. Catella sourced and structured the original transaction, arranged financing, and has managed the company and its investments. CTV successfully created value for its 93 investors, anchored by Sampo Group, with net IRR of 16 % and Equity Multiple of about 1,6 once the proceeds from the last sale have been delivered to the investors.

Catella acted as an exclusive financial advisor for a private investor in the sale of a healthcare centre property in Tampere.

The property has 71 keys and is located in Saint-Herblain (44) in Atlantis, the leading commercial centre in the west of France. It is operated under the CAMPANILE brand.

Munich, 21.07.2022. Catella Real Estate AG (CREAG) acquires the property Arendsplein 70 with 39 apartments and 3,157 sqm rentable living space for the fund "Catella Dutch Residential II", an open-ended real estate special AIF. The property is in the city center of Oosterhout, the Netherlands, which is part of the metropolis Brabantse Stedenrij with 2 million inhabitants.

Catella Modernes Wohnen (CMW), the German open-ended real estate fund, has acquired 121 affordable residential units in a new development in the western Ottakring district of Vienna for around EUR 39 million. Berlin-based Catella Residential Investment Management GmbH (CRIM) managed the acquisition, on behalf of the CMW fund and Munich-based platform Catella Real Estate AG, provided the AIFM platform.

Nearly 70 women from the real estate industry gathered on 7 July 2022 for the "Esprit & Vins au Féminin" cocktail organised by CATELLA RESIDENTIAL.

Catella European Residential III Fund (CER III) has acquired the redeveloped Ceylonpoort office tower in Haarlem, near Amsterdam, for €65 million. The former offices of publisher VNU will be extensively refurbished into a residential tower to meet the requirements of a Nearly Zero Energy Building (NZEB) under the EU directive on the sustainable energy performance of real estate. The installation of a geothermal heat pump beneath the property as well as solar panels on the roof, will provide most of the energy required by the building and its tenants. Together with a new, more energy-efficient façade, this will result in very low energy bills for residents.

Munich, 8th July 2022: The W4 office building in the Leudelange district to the southwest of Luxembourg City has been acquired under a single German pension fund mandate by Munich-headquartered Catella Real Estate AG (CREAG) in cooperation with Maastricht-based Catella Investment Management Benelux (CIMB). The property was purchased on behalf of the “AVW European Real Estate Fund”, a German institutional ‘Spezialfonds’ structure launched at the end of 2020. The seller of the asset, which is fully leased, is Parfinimmo S.A.

A fund managed by NREP has divested an office property in Pitäjänmäki, Helsinki to Evli Rental Yield Fund (AIF) managed by Evli Fund Management Company Ltd on 23 June 2022.

Catella Wohnen Europa (CWE), the German public open-ended real estate fund, has acquired 342 affordable apartments extending over 16,400 sqm in four energy-efficient buildings in Pankow, the most populous district of Berlin located in the northeast of the city, from a Hamburg-based family office. Berlin-based Catella Residential Investment Management GmbH (CRIM) and Munich-based Catella Real Estate AG as AIFM have acquired the property on behalf of the CWE fund. The buildings will be operationally managed by theBASE FOL Group GmbH.

Catella acted as the City of Seinäjoki’s exclusive financial advisor in the divestment of a public-use property to eQ Community Properties Fund.

There is no question that the mood on the European real estate markets is not only gloomy, but is also measurably reflected in the declining transaction volume in the second quarter of 2022.

FGP has sold a beautiful Haussmann-style mixed-use building (residential/retail) located near Place Victor Hugo in the 16th arrondissement of Paris to the real estate company CASO PATRIMOINE.

A family-owned joint venture has sold a magnificent corner building located at 10, rue Eugène Labiche in the 16th arrondissement of Paris to a private real estate company.

Berlin-based Catella Residential Investment Management (CRIM) has appointed real estate veteran Paul van Stiphout as Fund Manager of Catella’s European Residential Fund III (CER III), with effect from June 1st. Managed by CRIM, CER III is the first pan-European residential impact fund.

Catella acted as the City of Oulu’s exclusive financial advisor in the divestment of six public-use healthcare properties to eQ Community Properties Fund. The purchase price is EUR 165.6 million.

The portfolio comprises 12 assets located throughout France in dynamic city centres. Leased to MAAF under long-term leases, the portfolio has a surface area of 2,500 sqm.

Mata Capital acquires Adocia's head office in Lyon.Mata Capital announces the sale and leaseback of the headquarters of Adocia, a biotechnology company specialising in research into diabetes and obesity, on behalf of its dedicated office vehicle MCF Office Income*.

In Saint-Priest, Groupama Gan REIM invests €8.4m in a new office building

Paref Gestion has acquired the regional headquarters of RTE in Toulouse.

Paris 19 : Icade finalizes the sale of the Millénaire 4 building for 186 M€.

Grosvenor and the MANE Group have signed a sale before completion (VEFA) for a 2,500 sq.m building at 85, rue Anatole France, in Levallois-Perret (92). MANE will set up its new fine fragrance creation centre there. The site will include approximately 500 sq.m of high-tech laboratories designed jointly by the Grosvenor Europe and MANE Group teams.

A fund advised by J.P. Morgan Asset Management has acquired three residential buildings in the Greater Paris area, two of which are being developed by Emerige and one co-developed by Emerige and Icade. Delivery is scheduled for 2024.

Foncière Renaissance is investing in the 11th arrondissement of Paris.

Altev, a specialist in the development of real estate assets, particularly in the Greater Paris area, has acquired 134 rue de Tocqueville in the 17th arrondissement of Paris, following a call for tenders conducted by Ikory and Catella.

Nicolas Brosseaud, 43 years old, Partner, is appointed Managing Director of CATELLA VALUATION ADVISORS.

If you look around the European cities now, you experience a liveliness that we have rarely seen in the past two Corona years. Sure, catch-up effects can certainly be diagnosed, and the warmer season will do the rest. However, this “meet & greet” is superimposed by a socio-demographic development that has prevailed in the last 15 years. We are talking about the almost exploding number of so-called "single-person households" in urban centres. The average values ​​here are significantly more than 50% (in comparison: At country level in the EU, these come to around 38%).

Berlin-based Catella Residential Investment Management (CRIM) has acquired a residential rental property consisting of two buildings in the San Luis district to the south of Valencia, for the Catella Wohnen Europa (CWE) fund for €66 million. The assets were acquired via the AIFM platform of Catella Real Estate AG (CREAG) and will be managed by Catella Asset Management Iberia S.L. (Catella AM Iberia), which already has a portfolio of 2,300 housing units in Spain.

The Catella Wohnen Europa Fund (CWE) has acquired a €22 million residential complex in the historic city centre of Zwolle in the eastern Netherlands from Dutch investor Hermans OG B.V. The property comprises 67 apartments targeting the mid-market rental sector, five commercial spaces totalling 1,500 sqm and 40 parking spaces. Berlin-based Investment Manager Catella Residential Investment Management GmbH (CRIM), Catella Investment Management Benelux (CIMB) and Munich-headquartered AIFM platform Catella Real Estate AG (CREAG) conducted the transaction on behalf of the Fund.

The CATELLA VALUATION team is strengthened with the arrival of Sébastien Jonvaux as a Junior Expert.

The KanAm Grund Group based in Frankfurt am Main has purchased the commercial property "Lambda" in Hartmannsdorf near Chemnitz for the open-ended real estate fund LEADING CITIES INVEST. The transaction was brokered by Catella Property Consultants, which acted as exclusive advisor to the seller.

Catella acted as SATO’s exclusive financial advisor in the divestment of a major portfolio of 2,009 apartments to Swedish real estate investor Heimstaden.

The Catella European Residential III Fund (CER III), the first pan-European ‘dark-green ’ESG impact fund for residential real estate, has raised around €280 million from seven German and Dutch institutional investors, as its total assets under management passed the €1.0 billion milestone.

With the end of the first quarter of 2022, a clear message can be heard from the European housing markets: It remains THE most dynamic real estate class.

Munich, April 4, 2022: 2021 was another very successful year for Catella Real Estate AG (CREAG), both operationally and financially. CREAG kicks off 2022 in January with its 15th anniversary and a new spokesperson at the helm. Andreas Wesner joins the Management Board of CREAG as of April 1, where he will continue to drive the growth strategies of the "Catella Property Investment Management" business unit.

S-Pankki’s Terrieri Ky Fund sold a modern office property in the Leppävaara area in Espoo. The property is the headquarters of Eltel Networks Oy. The buyer is Assai Commercial Oy. Catella acted as Terrieri Ky’s exclusive financial advisor in the sales process.

Let's be honest: Would you invest in a property that you can't see or touch, but for which there seems to be a market? Many Hollywood stars and tech representatives are advertising the opportunities here with references to branding, value enhancement and a "completely new efficient world of interaction". Even better, would you send your avatar forward to communicate and do business?

The Catella European Residential Fund III has acquired Gramercy Tower, a 188-residential unit build-to-rent (BTR) development in Cardiff for c. £37.5M (c. €45M) from developer Urban Centric. The asset was purchased for the Fund by UK-based partner Catella APAM and Berlin-headquartered Catella Residential Investment Management (CRIM).

Catella acted as Pohjola Insurance Ltd’s exclusive financial advisor in the divestment of a major portfolio of four hospital properties to an international investor.

The world’s first ‘energy positive’ residential impact fund, which will invest a planned €500mln in Elithis Towers, designed to produce more energy than the building and tenants consume, across cities in France, has been launched by Berlin-based Catella Residential Investment Management (CRIM). The towers, developed by French sustainable building engineering and real estate developer Elithis Groupe, deliver both operational carbon neutrality and effective affordable rents through the elimination of domestic energy bills, hence increasing each household’s annual purchasing power.

Catella co-owned Infrahubs has recently signed an agreement to develop a logistics facility in Vaggeryd for Svenska Retursystem AB (SRS). In connection with this, Infrahubs acquires a land area amounting to 78 000 square meters.

Let's not fool ourselves: the fact that the transport, traffic, and logistics industry will continue to be systemically important is becoming clear to many people these days with a view to the geopolitical situation. The interruption and rerouting of transport flows will lead to a short-term increase in storage capacity, which already was a lesson from the first Covid year 2020. The focus here will be less on the “last mile” and more on the “nearshoring” functions. In sober economic language, this means: "Logistics will continue to be a dynamic growth market".

INREV has published a new "Net Zero" case study covering the Elithis Danube Tower in Strasbourg. The ESG case study explains Catella's strategic partner Elithis' approach to tackling climate change and achieving carbon neutrality in the real estate sector. Xavier Jongen, Managing Director of Catella Residential Investment Management, said: "The building is a two-edged sword. It does what it has to deliver and that at market price."

Thierry Bruneau is stepping down as CEO of CATELLA LOGISTIC EUROPE (CLE), Christophe Ramos will continue to lead the operations and management of CLE.

"Well, is there anything else coming up?" - a question that was recently asked frequently in the context of customer discussions at the beginning of the year. What is meant here is the impact of the pandemic on the office property markets. Of course, you must separate the rental and investment markets. To put it less analytically: we are feeling the first slight effects on the rental markets, but none on the investment markets.

A short version of the state of the European office investment markets would currently read: "Recovery, but". After almost two years of the pandemic, the office asset class is proving to be largely resistant to the crisis, but then comes the "but". At around €87.5 bn, the transaction volume in Europe in 2021 was up on the previous year (+4.1%), but still lags the pre-pandemic period (-28.2% vs. 2019, -15.3% vs. the 10-year average).

The pandemic's impact on the property market remained low. Covid-19 continued to affect the property market last year. In the beginning of the year, the restrictions caused by the second wave of the pandemic kept the transaction volume low, but improved situation in the summer and brisk economic growth throughout the year eventually increased the volume to a level clearly above the year before. Despite the pandemic continuing, properties have maintained their position as a very attractive investment alternative, as interest rates have kept on a very low level and the impact on the rental market, too, eventually remained surprisingly low.

Berlin-based Catella Residential Investment Management GmbH (CRIM) has opened its first office in Vienna as assets under management in the Austrian market doubled to around EUR 500 million in 2021 over the previous year. The Vienna office will be responsible for the asset and technical management of the Austrian residential real estate portfolio and initially comprise a team of three people.

There is no question that we are on the right track in our efforts to achieve ESG-compliant buildings and neighbourhoods. As part of our Catella-ESG-Monitor, we record, document and optimise indicators such as fresh water quality, water consumption of outdoor facilities, land use, exterior insulation materials, sewage pipes, right down to flooring materials (interior and exterior) and the prevention of thermal energy loss from windows. Sounds impressive right? It is, especially when the scaling effects occur after a few quarters. Put more simply: Those who have started early with the time-consuming collection of data, directly or based on energy performance certificates, can carry out the "roll-out" to the portfolio more quickly.

Catella acted as advisor to CapMan Real Estate in sale of an office building in Södra Värtan in Stockholm. The buyer was Areim.

Berlin-based Catella Residential Investment Management (CRIM) has acquired residential properties in Dresden and Krefeld for a total of c. EUR 40 million under a mandate from one of Germany's largest cooperative banks. The transaction lifts the AUM for the bank managed by CRIM to over EUR 100 million and at least EUR 300 million is planned to be invested in residential assets, with a focus on affordable housing, in Germany under the mandate over the next two years. The ‘Quartier am Mozartbrunnen’ development in Dresden was acquired from a joint venture between GAMMA IMMOBILIEN-Besitz und Beteiligungs-GmbH and AKTIVA Bauträger GmbH. The ‘Alte Seidenweberei’ property in Krefeld was acquired from a pension fund.

Munich, 27th January 2022: Catella Real Estate AG (CREAG), Munich, acquired the main distribution center and headquarters of Potmaat Group in Uden, the Netherlands, for the "Catella Logistik Deutschland Plus Fund". The newly built property counts with approximately 23,760 m² logistics property in the Loopkant-Liessent industrial park, located in the southeast of Uden. The transaction was structured as sale & leaseback, whereby Adezz B.V. signed a 15 year non-breakable ROZ triple net lease for 100% of the property until 2036.

You may know this from various business meetings: The goal is clearly defined, but the path is diffuse – full of risks but with plenty of opportunities. On top of that: If you have no experience routines to fall back on, it becomes clear: Building certificates make only a very small contribution to this, as the real estate industry is now forced to admit.

Munich, 25 January 2022: Catella Real Estate AG (CREAG) has acquired "Le Malraux" office building in Levallois Perret, which measures around 4,415 m², from Amundi Real Estate for the "Sarasin Sustainable Properties - European Cities" (SSP) sustainability fund. The SSP fund is a product of CREAG in cooperation with Bank J. Safra Sarasin Ltd. The current acquisition increases the fund's assets under management to over EUR 700 million.

The Catella European Residential Fund (CER) has made its first venture into the emerging Portuguese institutional investment market for student housing with the acquisition of an asset in the municipality of Cascais, just to the west of Lisbon, for €15.5 million and with a 99-year leasehold. Berlin-based Catella Residential Investment Management GmbH (CRIM) as investment manager and Munich-based AIFM-platform Catella Real Estate AG were advised by Catella AM Iberia S.L. on the transaction. The vendor was Value One Holding.

Pan-European Investment manager Primevest Capital Partners (Primevest CP) has purchased ‘Elisabethgarten’, a 7,800 m² residential development in Hildesheim, on behalf of a German pension fund for €30 million. Catella Property Consultants acted as advisor to the vendor, developer THI Holding GmbH & Co. KG.

Munich, 20 January 2022: Munich-headquartered Catella Real Estate AG (CREAG) in cooperation with Maastricht-based Catella Investment management Benelux (CIMB) have acquired a mixed-use complex at the prestigious Louise district  Brussels. The complex was acquired on behalf of the individual mandate of the “AVW European Real Estate Fund”, a special fund launched at the end of 2020. The seller of the property, which is fully leased, is Securex VIE AAM and Securex Accidents du Travail Caisse Commune.

Munich, 13th January 2022: Catella Real Estate AG (CREAG) has purchased an affordable and sustainable residential development in Nieuwegein, the Netherlands, together with its sister company Catella Investment Management Benelux (CIMB) . The acquisition was completed through a forward funding agreement with Fresch Real Estate on behalf of Catella’s Sarasin Sustainable Properties - European Cities Fund.

Eduardo Guardiola, current Director & Partner of Catella Asset Management (AM) Iberia, has been appointed as the company's new Managing Partner.

10th January 2022: Maastricht-based Catella Investment Management Benelux (CIMB) and Munich-headquartered AIFM platform Catella Real Estate AG (CREAG) have acquired a residential development in Arnhem, in the east of the Netherlands, for €26 million. The asset was purchased on behalf of the Catella Dutch Residential Fund II from VERDI-STAETE LIVING B.V. Construction will start in January 2022 and is scheduled for completion in April 2023.

The first pan-European ‘dark green’ residential impact fund, Catella European Residential Fund III (‘CER III’), to achieve the highest level of sustainability under the EU’s SFDR Article 9 certification hit more than €750 million in AUM at the end of 2021, after acquiring a senior living property in Brussels for over €50 million from Bassem Certificates SA, a real estate company managed by the Belgian Bank Degroof Petercam.