News and Press releases

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.

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.

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 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.

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.

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.

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 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.

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.

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).

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.

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."

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.

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, 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.

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.