Catella seeks fourth closing of sustainable property fund

Catella Real Estate AG Kapitalanlagegesellschaft, has announced a fourth closing of its fund focussed on sustainable property projects as it looks to raise additional equity for further investments.

The fund was launched at the end of 2011 as a special fund under the German Investment Act, Catella reports.

Currently it manages property assets worth about €200m – out of a total Catella Real Estate AG AUM of €1.9bn across its portfolio of property funds.

The sustainability fund “invests in sustainable properties in major European cities with good growth prospects. The cities are selected according to the real estate market cycle as well as their long-term socio-economic attractiveness.”

The sustainability standards are set by Bank J. Safra Sarasin at the time of purchase and through the life cycle of the property.

The fund aims for a yield of 3.5%-4.5% from rental income. Projects acquired thus far include the Princess Center in Brussels, and the Schwabinger Carré property in Munich.

Nicolas Hartel, portfolio manager, said: “By expanding the sustainability fund we are hitting the right note with institutional investors, who are increasingly on the lookout in particular for sustainable properties. We are therefore planning to increase the portfolio in stages during the current year.”

Catella’s broader group includes asset management and financial advisory services run out of 12 European locations. The group is listed on the Nasdaq OMX First North Premier market, reflecting its Nordic origins.


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