Catella AM is part of Catella's Property Investment Management business area, with in total 5,6 billion in assets under management. Following the acquisition of the Planetocio shopping and leisure centre in Madrid, Catella AM has successfully completed its tenth transaction in Spain, where it operates in the residential, retail and student housing sectors.
Catella AM continues its investment programme in the Iberian market in several sectors, including residential, retail, office and alternative investments (student housing and others currently under assessment) with the aim of investing an additional 300 million euros over the next two years. Within its first two years of operations, Catella AM has completed ten transactions in the Spanish market. Its first investments consisted of residential properties for the rental market, including five residential buildings, four in Madrid and one in Barcelona, for an approximate value of 85 million. In addition, several transactions were made in the retail sector, including the Portal Mediterráneo retail park in Castellon together with Mitiska Reim; the El Manar retail park in Valencia together with a fund managed by Aberdeen Standard; the Pinatar Park retail park in south Alicante together with Castellana Properties Socimi; and Planetocio in Madrid together with AEW, acting as the local asset manager.
As part of its strategy of investing into asset classes and sectors undergoing a clear transformation, such as value-add and alternatives, Catella AM recently also acquired the La Campana student residence in Pamplona on behalf of the Catella Student Housing Fund. Catella AM is also the asset manager for this property.
Source: Catella