Catella to offer residential property solutions

Catella Real Estate AG –  the property business that is part of the Catella group listed on the First North Premier of Nasdaq in Stockholm – has said it is going to offer new residential funds for institutional clients, with a focus on both acquisitions of new property as well as developments.

The overall Property Investment Management business area has AUM of some €3.1bn , with a presence in Germany, Finland, France, Denmark, Spain and the Baltics. Thus far the focus has been on commercial real estate, meaning that the latest announcement represents a diversification of its property business lines.

Catella said that Xavier Jongen will head the new residential property platform.

Catella Real Estate AG has been a ‘cooperation partner’ in an existing €900m European open ended residential property fund since 2007. This area will be expanded following the establishment of the new platform for investors.

 

ABOUT THE AUTHOR
Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 16 years he has been based in London writing about funds and investments . From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope.

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