News and Press releases

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.  

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.

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.

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.

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.

The French cities of Dijon and Saint-Etienne have become the first metropolises to approve the development of highly sustainable ‘energy-positive’ residential towers under a €2.0 billion pan-European investment programme launched by Berlin-based Catella Residential Investment Management (CRIM) and France’s building engineering design company Elithis.

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.

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.

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

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.

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.

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.

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.