Climate Finance Becoming as Critical to Future Residential Real Estate Investment Returns as Interest Rates – Catella Research
Catella’s latest European Residential Vision 2024 research report concludes that the acceleration in global warming is building-up pressure on residential real estate investors to integrate fundamental ‘climate finance’ strategies into their portfolios if they are to avoid the risks of a stagnation in values and being left holding stranded assets.
- Europe
- Germany
Catella - European Logistics Markets 2024
More than ever, global developments are having a significant impact on the transportation, transport and logistics markets. On the surface, the tense geopolitical and economic environment, such asthe war in Ukraine, Houthi attacks in the Gulf of Aden, volatility in inflation rates, interest rate turnaround, and rise in freight rates is reflected in global supply chains and therefore also in the European transaction markets. According to data from Real Capital Analytics (RCA), the transaction volume on the European market for the industrial asset class in 2023 was around 46% below the previous year's level.
- Europe
- Germany
The nomination committee proposes new chairman of the Catella AB board of directors
The nomination committee has resolved to propose that Sofia Watt be elected chairman of the Catella AB board of directors at the annual general meeting on 22 May 2024. In addition, Pernilla Claesson is proposed as new board member. The background is that current chairman of the board, Johan Claesson, informed the nomination committee not being available for re-election.
- Catella Group
Catella advised Paavo Nurmi Foundation in the sale of two residential properties in the inner city of Helsinki
Catella acted as the exclusive financial advisor of Paavo Nurmi Foundation in the sale of two residential properties located in the districts of Töölö and Kallio in the inner city of Helsinki to Elo Mutual Pension Insurance Company.
- Finland
- Corporate Finance
Notice to extraordinary general meeting in Catella AB
The extraordinary general meeting in Catella AB, reg. no. 556079-1419, (the "Company" or "Catella") will be held on Wednesday 20 March 2024 at 4:00 p.m. CET at Advokatfirman Cederquist's premises, Hovslagargatan 3, SE‑111 48 Stockholm. Registration will commence at 3:30 p.m. CET. The board of directors has resolved that shareholders shall be able to exercise their voting rights also by postal voting ahead of the extraordinary general meeting, in accordance with § 11 of the Company's articles of association.
- Catella Group
Catella Acquires ‘Energy Positive’ Elithis Residential Development in Clermont-Ferrand, France for €29 mln
Catella Residential Investment Management has acquired an Elithis ‘energy-positive’ residential tower and attached low-rise building development in the city of Clermont-Ferrand in the Auvergne-Rhône-Alpes region of central France on behalf on an institutional mandate for an estimated investment of approx. € 29 million.
- Europe
- Germany
Catella Market Indicator, Spring 2024, has been published: Is the worst over in the real estate investment market?
The intense inflation that started in 2022, coupled with fast rise of interest rates, ultimately caused real estate transaction volume to collapse. We entered year 2023 with a very quiet market after the rapid increase in yields, and despite high hopes, the market did not show signs of recovery at any point. Last year’s transaction volume resulted in ca. EUR 2.5 billion, closely resembling the levels seen in the record weak years after the financial crisis.
- Finland
- Corporate Finance
- Investment Management
- Market Tracker
Catella Year-end Report JANUARY – DECEMBER 2023
In a cautious market, Catella continued to invest in long-term value creation during 2023. We expanded Investment Management in France, strengthened our capital raising function, developed new investment strategies, and further increased our ambition in digitalization and AI. During the year, we also adapted the organization to a different market environment. With a slightly brighter outlook for 2024, we are well-equipped to continue to create value for customers, shareholders and society.
- Catella Group
Catella Acquires Prime Belgian Logistics Development in Forward Funding Deal for German Fund
The Catella Logistics Germany Plus Fund (CLD+) has acquired a prime logistics development of around 26,600 sqm gross lettable area through a forward-funding deal. The asset has strong sustainability credentials and is located in Maasmechelen in the eastern Belgian province of Limburg,
Catella Asset Management Oy acted as the advisor of Catella Real Estate AG in the sale of an office property in central Helsinki to Slättö
The property is located at Lönnrotinkatu 20, and was built in 1972. The total lettable area is approximately 5,800 sqm. The ground floor is fully rented to Lidl, while the four upper floors are vacant. Catella Real Estate AG (CREAG) acquired the property in 2011 for the Special Fund Catella Scandia Chances. Due to several trends affecting the office market, the property was sold as a development project. Slättö, on behalf of the Slättö Value Add II fund, plans to convert the property for hotel use.
- Finland
- Investment Management
Jermu Kujanpää joins Catella Asset Management Finland
Jermu Kujanpää joins Catella Asset Management Finland (CAM) from Catella Property on January 29th, 2024.
- Finland
- Investment Management
Conversion of shares in Catella AB
According to Catella’s articles of association a holder of a share of class A has the right to require that the share be converted into a class B share. Such conversion decreases the total number of votes in the company. After such a conversion has taken place, the company has an obligation under law to, in this way, publish information about the change.
Catella Closes High Yield Dutch ‘Sale and Leaseback’ Deal for French Fund
The first transaction in the Benelux market stemming from Catella’s acquisition of a majority stake in France’s EUR 1.4 billion AUM Aquila Group last year, has been closed with a ‘sale and leaseback’ deal for an office/industrial asset in Zoetermeer, near The Hague, by the French SCPI real estate fund UPÊKA. The investment was completed at a net initial yield of 7.8% on a seven-year lease.
- Benelux
Catella advised in the sale of two new-built residential properties in the Helsinki Metropolitan area
Catella acted as the exclusive financial advisor of Ålandsbanken Asuntorahasto Erikoissijoitusrahasto in the sale of two new-built residential properties located in Espoo to CapMan Residential Fund in 2023.
- Finland
- Corporate Finance