The Munich Real Estate Fund.
The fund Catella MAX invests exclusively in the city of Munich and its surrounding districts. Centrally located properties and attractive development projects are the key targets: individual zones are identified in each sector – residential, commercial and retail – and prioritised as investment targets. The goal is to achieve a high level of diversification in terms of building type and tenant structure to complement the diversified economic construct of Bavaria‘s capital city.
Investing in development and refurbishment projects is also an option, whereby a "vacancy budget" serves to limit the rental risk on fund level to a maximum of 10%. In line with sector diversification, the fund invests in existing residential properties in the medium price range as well as in new residential development sites in attractive, up-and-coming districts. This is complemented by a focus on small and mid-sized office properties with average to excellent standards, in good locations and with the possibility to be leased in small rental units. Retail spaces within the inner city, eventually also with a need for refurbishment and reletting, and other building uses complete the sector diversification.
|Minium Investment Amount||300.000 EUR|
|WKN / ISIN||A0YFRV / DE000A0YFRV7|
|Fund Launch||24. February 2010|
|Fiscal Year||01. June until 31. May|
|Date of Distribution||Distribution per unit||Tax-free portion (for units in private portfolios)|
|22 December 2017||0.07 EUR||12.54%|
|12. September 2017||0.31 EUR||51.38 %|
|1. September 2016||0.37 EUR||48.64%|
|1. September 2015||0.40 EUR||49.58%|
|1. September 2014||0.27 EUR||52.07%|
|2. September 2013||0.32 EUR||32.59%|
|3. September 2012||0.33 EUR||32.88%|
|1. September 2011||0.37 EUR||26.38%|
|1. September 2010||0.04 EUR||2.86%|