News and Press releases

CATELLA AM Iberia has completed the acquisition of a €15 million student housing project in Seville, Spain for the Catella European Student Housing Fund II (CESHF II) which is managed by Catella Residential Investment Management (CRIM).

Amsterdam/Munich September 14, 2021 - Dutch headquartered Orange Investment Managers (Orange IM) and Germany’s Catella Real Estate AG (CREAG) have acquired a €49 million (DKK 365 million) underground car park in Odense beneath the central Thomas B. Thriges Gade (TBT) thoroughfare for the Catella Parken Europa Fund, which they jointly manage, from the city’s municipality. The proceeds of the sale will contribute to the financing of a new sustainable central urban district achieved by transforming the four-lane highway that split the heart of Denmark’s third largest city.

Activity in the real estate investment market picked up during the summer Finnish transaction volume reached 3.8 billion euros by the end of July. During the first half of 2021, the total transaction volume in Finland amounted to approximately 2.3 billion euros which was the lowest volume recorded since 2014. After a relatively quiet first six months, the transaction activity picked up during the summer and the transaction volume of July was almost 1.5 billion euros. The most interesting real estate segments by transaction volume were residential properties and office properties.

Berlin-based Catella Residential Investment Management GmbH (CRIM) and Munich-headquartered AIFM platform Catella Real Estate AG (CREAG) have acquired two residential rental buildings, one in Dos Hermanas, Seville and the other in Ezcaba, Pamplona, for €12.6 million and €9 million respectively. The purchases were made for the fund Catella Wohnen Europe (CWE). Catella already has acquired properties for funds in these two locations and the properties will be locally managed by Catella Asset Management Iberia S.L. (Catella AM Iberia). The existing portfolio advised by Catella AM Iberia in Spain comprises 2,000 homes.

Robert Karlsson has been appointed Director, Investment Management at Catella Asset Management Finland. He started in his position on the 1st of September 2021.

Berlin-based Catella Residential Investment Management (CRIM) and the Munich-headquartered AIFM platform Catella Real Estate AG (CREAG) have sold a Danish residential portfolio to a Swiss Life Asset Managers Germany fund for more than €70 million on behalf of the fund Catella European Residential (CER).

Berlin-based Catella Residential Investment Management GmbH (CRIM) has acquired two German residential developments in Hamburg and Dortmund from property developer Gröner Group GmbH on behalf of the Catella European Residential Fund III (CER III), bringing the total value of the Fund’s assets under management to more than €500 million. The CER III fund passed the half billion Euro AUM milestone, including approximately 30-35% leverage, within two years, after launching as a SICAV Luxembourg-registered investment vehicle with €50 million in seed capital in 2019.

De woningnood in Nederland is geen grap. Al jaren groeien vraag en aanbod op de woningmarkt uit elkaar. Bijbouwen dan maar, denken de meesten. Maar dat is niet de meest duurzame oplossing. Leegstaande kantoorpanden zijn dat wel. PVM werkt mee aan project EdelPark, dat op deze manier 240 nieuwe woningen oplevert.

The OPPCI HIGH STREET RETAIL, with F&A ASSET MANAGEMENT, has acquired a portfolio of 3 shops with a total surface area of 335 sq.m, located in the 3rd and 16th districts of Paris.

Berlin-headquartered Catella Residential Investment Management GmbH (CRIM) and Munich-based Catella Real Estate AG (CREAG), as the German KVG investment platform, have purchased ‘Hi:Life’, an affordable rental residential complex in Aarhus, Denmark for the Catella Wohnen Europa (CWE) Fund for €85 million. The property was acquired from Europa Capital and Keystone Investment Management, selling on behalf of the Europa Fund V. This transaction increases the value of CWE’s total Danish portfolio to over €270 million. CRIM will manage the asset for CWE alongside the 400 Danish residential units it already manages for the fund.

Berlin-based Catella Residential Investment Management GmbH (CRIM) and Munich-headquartered Catella Real Estate AG (CREAG) have acquired four residential properties, including two in the micro and assisted living market segments, in Germany on behalf of the Catella Wohnen Europa (CWE) Fund. The combined value of the deals is in excess of €125 million and they all fall within the ‘affordable rents’ category.

The world’s first energy-positive residential development programme at scale is gaining momentum as Catella Residential Investment Management (CRIM) acquires its second Elithis Residential Tower project in Dijon, France, on behalf of an institutional mandate and steps up its investments in a planned €2.0 billion rollout of 100 towers across Europe.

MATA CAPITAL has acquired, for one of the funds it manages, a store leased to DECATHLON, the world leader in the sale of sporting goods, with a surface area of more than 3,500 sq.m, in the commercial zone of Hautepierre in Strasbourg.

The Catella European Residential Fund III has acquired The Arches, a 184-residential unit Build to Rent (BTR) development in Leicester, CER III’s first deal in the UK, for c.£32 million (c.€37 million) from developer Watkin Jones. The scheme was purchased for the Fund by UK-based partner Catella APAM and Berlin-headquartered Catella Residential Investment Management (CRIM).

Between the explosion of e-commerce, storage and processes to be reviewed, how has logistics adapted to the health crisis ? 

Far from only being a technical subject for industrialists, logistics is really everyone's business, including consumers and citizens. At the end of March, the Ever Given, a container ship weighing over 220,000 tonnes, blocked the Suez Canal. Ten percent of the world’s maritime trade is shipped through the Canal every day. As a result, deliveries were considerably delayed and logistics costs soared by more than 45%. Another key topic is the supply of vaccines against Covid-19. From delivery to storage to transport and vaccination sites, the success of France's vaccination strategy is at stake. Well beyond the public health issue, delay could cost the French economy seven billion euros per week, according to the credit insurer Euler Hermes. These two examples show to what extent logistics, far from only being a technical subject for industrialists, is a matter that concerns everyone, including consumers and citizens.

The mutual insurance group has acquired full ownership of a building located at 36 rue de l'Arcade in the 8ᵉ arrondissement of Paris from a private owner.

BROOKFIELD ASSET MANAGEMENT, with HEMISPHERE, acquires from ICADE the emblematic MILLENAIRE 1, located at 35 rue de la Gare - Paris 19th.

Berlin-based Catella Residential Investment Management (‘CRIM’) has acquired the Telegrafkollegiet student residence in Copenhagen for €45 million for the Catella European Student Housing Fund II (CESHF II). The acquisition follows a successful third capital raise in Q1 2021 which saw German institutional investors commit €40 million to the Fund. The latest acquisition increases the Fund’s assets under management to €170 million.

Earlier this year Jos Klinge joined Catella IM Benelux (CIMB) as Senior Acquisition Manager to facilitate the company’s expansion in the residential and healthcare sectors, which will include the preparation and research for a launch of a new fund initiative in senior housing. Klinge will join the acquisition team alongside Ronnie Holtslag, Ralph Willems and Jac Huijsmans with a view to deploying new capital commitments from clients.

Berlin-based Catella Residential Investment Management (CRIM) has secured additional capital commitments totalling €185 million from three new German pension fund clients, including NAEV, the retirement plan for medical professionals in the federal state of North Rhine-Westphalia, for its Catella European Residential III fund (CER III). Total commitments for the CER III Fund since its launch in 2019 have now reached €475 million, of which €365 million was raised in the last 12 months during the Covid-19 pandemic.

M2 Asset Management enters the Copenhagen market and acquires 99 residential units and 56 parking spaces from Patrizia with prime location in the inner city of Copenhagen.

The first in a planned €2.0 billion investment programme of 100 ‘energy-positive ‘Elithis’ residential towers across Europe, aimed at providing affordable and sustainable homes, has been acquired in Saint-Etienne near Lyon in France, by the Catella European Residential Fund III (CER III). These projects will be delivered between 20-to-30 years ahead of the EU’s ambitious 2050 carbon-neutral timeline target for the built environment and already outperform Europe’s climate goals for cutting CO2 emissions.

After an ambitious renovation program in 2016, a company managed by DTZ INVESTORS, on behalf of two institutional investors, sold the MOZAÏK building, with approximately 18,000 sqm of office space, located at 23 rue François Jacob in Rueil-Malmaison (92) to the Luxembourg fund BLUE COLIBRI CAPITAL PARTNERS 3.

Berlin-based Catella Residential Investment Management GmbH (CRIM) and Catella Real Estate AG (CREAG) have acquired an affordable residential complex in Dos Hermanas, Seville for €17.5 million on behalf of the Catella Wohnen Europa (CWE) fund. The transaction will boost the volume of the fund’s Spanish portfolio to approximately €170 million. The property will be managed by Catella Asset Management Iberia S.L, which already has a portfolio of 1,700 units under management in Spain. The acquisition was made through CREAG’s AIFM platform.

Catella’s mandate comprises leasing management and advisory services for the landmark property Kirjatalo in Helsinki CBD anchored by the Academic Bookstore.

Berlin, 15 March 2021, Catella Residential Investment Management (CRIM) has acquired two residential properties in Berlin and Rostock for €30 million on behalf of one of Germany’s largest co-operative banks. The deals follow on from recent acquisitions for the mandate in Münster and Leipzig and are part of the bank’s investment programme to spend at least €300 million over the next two to three years in German residential real estate, with a focus on affordable housing.

Berlin-based Catella Residential Investment Management (CRIM) has acquired a €50 million energy-efficient apartments complex project in Heidelberg, in one of the largest and most sustainable urban developments in Germany, on behalf of a separate mandate for a southern German pension fund. The investment will lift total assets managed for the mandate, structured as a German institutional ‘spezial’ fund to invest in four countries across Europe, to more than €800 million. The vendor was Kreer Development.

Jac Huijsmans joined Catella IM Benelux (CIMB) in January as Senior Acquisition Manager where he will focus on new developments, conversions and existing investments. Jac’s career spans 20 years with leading Dutch residential and commercial real estate developers and he brings particular expertise in large-scale and complex inner-city developments. As project director he was responsible for the redevelopment of the former Dutch ministry of social affairs and employment in The Hague, a major scheme of over 1,000 apartments and 40,000 m2 of office space.

Active property transaction year despite the pandemicThe transaction volume of the property market was EUR 5.7 billion in 2020. The transaction volume decreased slightly from 2019, which can be at least partially explained by corona crisis and resulting travel and other restrictions, that hampered transactions. Despite the exceptional conditions, foreign investors interest towards Finnish property market remained strong. In 2020, Finland gained property investments worth EUR 3.0 billion by foreign investors, which was circa 53% of all investments.

Berlin-based Catella Residential Investment Management (CRIM) has purchased two residential properties in Leipzig and Münster for overall €30 million on behalf of one of Germany's largest cooperative banks. This is the first deal within a new €300 million mandate for CRIM from the bank, which will focus on investments in affordable housing.

Maastricht-based Catella Investment Management Benelux (CIMB) and Catella Residential Investment Management (CRIM) have acquired the ‘Project Twin’ residential complex in Osdorp, a suburb to the west of Amsterdam, from Heitman LLC, a global real estate investment management firm. The two 11-storey buildings – Tower I and III – are located by a canal and park on the Jan van Zutphenstraat and comprise 196 mid-range rental apartments spread over approximately 20,000 sqm, as well as 208 parking spaces. The properties were purchased on behalf of an institutional mandate, managed by CRIM. Financial details were not disclosed.

Maastricht-based Catella Investment Management Benelux (CIMB) and Catella Residential Investment Management (CRIM) have acquired the ‘Project Twin’ residential complex in Osdorp, a suburb to the west of Amsterdam, from Heitman LLC, a global real estate investment management firm. The two 11-storey buildings – Tower I and III – are located by a canal and park on the Jan van Zutphenstraat and comprise 196 mid-range rental apartments spread over approximately 20,000 sqm, as well as 208 parking spaces. The properties were purchased on behalf of an institutional mandate, managed by CRIM. Financial details were not disclosed.