Sweden’s Catella establishes Iberian property platform

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Catella, the Swedish financial group, has announced the establishment of a property platform in Spain and Portugal, which will focus on property investment and asset management on behalf of both domestic and foreign investors.

The new business will be headed by Javier Hortelano, who has joined Catella from PwC, where he worked as a partner in Real Estate Transaction Services. Previously he was at Redevco, including as COO overseeing investment management across main markets in Europe. He also chairs the Spanish Council of Shopping Centres and Retail Parks, a position he retains.

Timo Nurminen, head of Property Investment Management at Catella, said: “We are continuously evaluating expansion to new and selected regional markets. The Spanish market is in a recovery phase; business activity and investment volumes are growing, including large inflow of foreign capital. The establishment of property asset management operations in Spain is based on our successful launch of a similar business in France in early 2014. Given Javier’s experience and the similarity of the markets, we also see Portugal as a natural expansion for our Iberian business.”


The new business will be based in Madrid, but will be independent of Catella’s existing property advisory business in Spain. Currently Catella’s Property Investment Management business area has some €3.1bn of AUM, and operations in Germany, Finland, France, Denmark, Spain and the Baltics.


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 17 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. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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